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EDA Group Holdings Limited ( (HK:2505) ) has provided an announcement.
EDA Group Holdings Limited, through its wholly owned subsidiary EDA International, Inc., has entered into a lease agreement for a warehouse and office space in Romeoville, Illinois. This transaction is classified as a discloseable transaction under Hong Kong’s Listing Rules, as the value of the right-of-use assets exceeds 5% but is less than 25%. The lease spans 123 months with an initial base rent of $0.58 per square foot per month, increasing by an average of 3.5% annually, totaling approximately US$12.1 million over the lease term.
More about EDA Group Holdings Limited
YTD Price Performance: 4.22%
Average Trading Volume: 857,224
Technical Sentiment Signal: Strong Buy
For detailed information about 2505 stock, go to TipRanks’ Stock Analysis page.