Giordano Signs Long-Term Connected Lease for New Hong Kong Offices

Giordano International ( (HK:0709) ) has shared an announcement.

Giordano Limited has entered into new rental agreements for office premises in Cheung Sha Wan, Kowloon, leasing approximately 21,441 square feet across designated floors in Tower B at 83 King Lam Street from March 9, 2026 to February 29, 2032. The space will be used solely as offices, with a tenancy deposit of about HK$2.0 million and a fitting-out deposit of HK$40,000, securing a long-term headquarters-style arrangement.

Because the landlord is an associate of a substantial shareholder, the transaction is classified as a connected transaction under Hong Kong listing rules, with all applicable percentage ratios above 0.1% but below 5%. As a result, the deal is subject to reporting and announcement obligations but is exempt from circular and independent shareholders’ approval requirements, signalling a relatively routine related-party office lease that still enhances transparency for investors.

The most recent analyst rating on (HK:0709) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Giordano International stock, see the HK:0709 Stock Forecast page.

More about Giordano International

Giordano International, through its indirect wholly-owned subsidiary Giordano Limited, operates in the retail and apparel sector and maintains office operations in Hong Kong. The company is listed on the Hong Kong Stock Exchange and counts Chow Tai Fook Enterprises–related interests among its substantial shareholders, which can create recurring connected transactions for property and office leasing.

YTD Price Performance: 4.90%

Average Trading Volume: 923,629

Technical Sentiment Signal: Buy

Current Market Cap: HK$2.42B

For detailed information about 0709 stock, go to TipRanks’ Stock Analysis page.