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Emperor Culture Group ( (HK:0491) ) has provided an announcement.
Emperor Culture Group has entered into a Supplemental Tenancy Agreement for a cinema located in Chengdu, PRC, marking a significant step in their expansion strategy. The agreement, effective from May 15, 2024, extends the lease term to 15 years and outlines a structured rent payment plan, which includes both base and turnover rent components. This move is expected to bolster the company’s market presence in the region, leveraging the high occupancy rate of the Shin Kong Place to drive business growth.
More about Emperor Culture Group
Emperor Culture Group operates within the entertainment industry, focusing primarily on cinema operations and related businesses. The company is known for managing cinemas, particularly in strategic locations like Chengdu, PRC, aiming to capitalize on the growing demand for entertainment services in the region.
Average Trading Volume: 2,087,214
Technical Sentiment Signal: Sell
Current Market Cap: HK$138.2M
See more data about 0491 stock on TipRanks’ Stock Analysis page.