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Future Bright Holdings ( (HK:0703) ) just unveiled an update.
Future Bright Holdings’ wholly owned unit Chun Ieng has agreed to renew its right to use Shop No. 2522 at Level 3 of Shoppes at Venetian in The Venetian Macao as a food court stall specialising in ramen, sizzling steak and related Japanese cuisine from 1 January 2027 to 31 December 2029. The three-year lease for the 1,297-square-foot outlet, structured as a right-of-use asset under HKFRS 16, underscores the group’s commitment to maintaining its presence in a prime Macau tourism and retail hub.
Under the new terms, Chun Ieng will pay a rising monthly base fee starting at HK$609,590 in the first year plus an annual turnover fee equal to 18% of annual sales above the base rent, alongside management fees of about HK$112,748 per month and utility costs subject to periodic review. The arrangement, which also requires a combined cash and bank guarantee security deposit of HK$3,813,180 and is classified as a discloseable transaction under Hong Kong listing rules, signals continued investment in the company’s core catering operations while exposing it to rental escalation and sales-linked cost obligations in a key Macau location.
More about Future Bright Holdings
Future Bright Holdings is a Hong Kong-listed company operating through subsidiaries in the retail and catering sector, with a focus on food and beverage services in Macau. Its offerings include Japanese cuisine such as ramen and sizzling steak, targeting high-traffic shopping and entertainment complexes like the Shoppes at Venetian in The Venetian Macao.
Average Trading Volume: 401,951
Technical Sentiment Signal: Sell
Current Market Cap: HK$83.32M
See more insights into 0703 stock on TipRanks’ Stock Analysis page.