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East Buy Holding Limited ( (HK:1797) ) just unveiled an update.
East Buy Holding Limited has entered into a connected lease transaction under which subsidiary Metropolis Holding will lease a 439-square-metre commercial unit in Beijing’s Euro Plaza to tenant Dong Xiaozhen for 60 months starting 1 January 2026, at a monthly rent of about RMB220,323. The arrangement will be recognised as right-of-use assets of roughly RMB10 million in the group’s accounts under IFRS 16 and will be funded mainly from internal resources. As Metropolis Holding is an indirect connected party through ownership by executive director Mr. Yu, the deal falls under Hong Kong’s connected transaction rules, requiring reporting and announcement but is exempt from independent shareholders’ approval because the transaction size is between 0.1% and 5% of the applicable percentage ratios.
The most recent analyst rating on (HK:1797) stock is a Hold with a HK$20.00 price target. To see the full list of analyst forecasts on East Buy Holding Limited stock, see the HK:1797 Stock Forecast page.
More about East Buy Holding Limited
East Buy Holding Limited is a Hong Kong-listed company (stock code: 1797) incorporated in the Cayman Islands with limited liability. The group prepares its consolidated financial statements under IFRS and operates through various subsidiaries, including connected entities related to its executive director and major shareholder.
Average Trading Volume: 10,269,757
Technical Sentiment Signal: Sell
Current Market Cap: HK$19.06B
Find detailed analytics on 1797 stock on TipRanks’ Stock Analysis page.