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Design Capital Limited ( (HK:1545) ) has issued an update.
Design Capital Limited has announced a lease renewal agreement for its subsidiary, Marquis Furniture Gallery Pte Ltd, with Beach Road Hotel (1886) Ltd. The agreement involves a 36-month lease for a furniture showroom in Singapore, with a total rental consideration of approximately S$2.1 million. This transaction will be recognized as an acquisition of an asset under the Listing Rules, impacting the company’s financial statements and requiring disclosure due to its significance.
The most recent analyst rating on (HK:1545) stock is a Hold with a HK$0.08 price target. To see the full list of analyst forecasts on Design Capital Limited stock, see the HK:1545 Stock Forecast page.
More about Design Capital Limited
Design Capital Limited operates in the furniture industry, focusing on providing high-quality furniture products and services. The company is known for its market focus on creating innovative and stylish furniture solutions.
Average Trading Volume: 370,000
Technical Sentiment Signal: Hold
Current Market Cap: HK$148M
Learn more about 1545 stock on TipRanks’ Stock Analysis page.