Hang Lung Properties (HK:0101) has released an update.
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Hang Lung Properties has renewed its management agreement for Grand Gateway with Country Link, extending the partnership until the end of 2027. Under this agreement, HLP (China) will continue to provide comprehensive management services, including tenant negotiations and strategic advice, with fees capped at 2.5% of Grand Gateway’s annual gross turnover. This move aligns with Hang Lung’s strategy to enhance its management operations while complying with Hong Kong listing rules.
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