Hingtex Holdings Ends Tenancy to Cut Costs

Hingtex Holdings Ltd. (HK:1968) has released an update.

Hingtex Holdings Ltd has announced an early termination of its 2024 Tenancy Agreement II with Star Alliance to reduce administrative expenses. This move, considered a connected transaction under Hong Kong Listing Rules, is expected to result in a minor financial loss of approximately HK$5,000. The termination is deemed to be in the best interest of the company and its shareholders, as it aligns with normal business operations.

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