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The latest announcement is out from EDA Group Holdings Limited ( (HK:2505) ).
EDA Group Holdings Limited has announced a new lease agreement for a warehouse and office space in Mississauga, Ontario, Canada. The lease, executed by its subsidiary EDA Cloud Canada Inc., spans ten years and involves a base rent starting at C$1.38 per square foot per month, with an average annual increase of 2.5%. The total base rent over the lease term is approximately C$24.7 million. This transaction is classified as a discloseable transaction under Hong Kong’s Listing Rules, requiring notification and announcement but not shareholder approval.
The most recent analyst rating on (HK:2505) stock is a Buy with a HK$3.57 price target. To see the full list of analyst forecasts on EDA Group Holdings Limited stock, see the HK:2505 Stock Forecast page.
More about EDA Group Holdings Limited
Average Trading Volume: 716,518
Technical Sentiment Signal: Hold
For detailed information about 2505 stock, go to TipRanks’ Stock Analysis page.