Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
EDA Group Holdings Limited ( (HK:2505) ) has shared an announcement.
EDA Group Holdings Limited, through its wholly owned subsidiary EDA Cloud UK Limited, has entered into a lease agreement for a premises in Telford, Shropshire, UK. The premises will be used for warehouse storage, distribution, and office purposes. The lease term is set for 10 years with an initial rent of £0.35 per square foot per month, increasing to £0.42 per square foot per month from the third year, totaling approximately £8.2 million over the lease term. This transaction is classified as a discloseable transaction under the 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: 752,764
Technical Sentiment Signal: Hold
Find detailed analytics on 2505 stock on TipRanks’ Stock Analysis page.