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HL Global Enterprises Limited ( (SG:AVX) ) has issued an update.
HL Global Enterprises Limited announced the early termination of its trademark license agreement with Shanghai International Club Co Ltd, which operates Hotel Equatorial Shanghai. The termination, effective March 1, 2025, is due to the hotel’s closure for major renovations. This will result in a $92,000 reduction in the company’s income for the first half of 2025, though it is not expected to significantly impact the company’s net tangible assets or earnings per share.
More about HL Global Enterprises Limited
HL Global Enterprises Limited operates in the hospitality industry, focusing on managing and licensing hotel properties. Its primary service includes granting trademark licenses for hotel operations, with a market focus on generating income through licensing fees.
YTD Price Performance: 3.85%
Average Trading Volume: 31,912
Technical Sentiment Consensus Rating: Sell
Current Market Cap: S$26.01M
For detailed information about AVX stock, go to TipRanks’ Stock Analysis page.