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Hong Kong Ferry Holdings Co. Ltd. ( (HK:0050) ) has issued an update.
Hong Kong Ferry (Holdings) Company Limited announced a collaboration with Tung Wah Group of Hospitals to convert a residential redevelopment project, ‘The Symphonie,’ into a youth hostel named ‘TN Residence.’ This initiative, approved by the Urban Renewal Authority, is part of the Home and Youth Affairs Bureau’s Subsidy Scheme for Youth Hostels. The company will enter a 5-year lease agreement with Tung Wah Group, generating rental income from the end of the month.
More about Hong Kong Ferry Holdings Co. Ltd.
Hong Kong Ferry (Holdings) Company Limited operates in the transportation and real estate industries. The company is involved in ferry services and property development, focusing on projects within Hong Kong.
Average Trading Volume: 110,122
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.52B
For detailed information about 0050 stock, go to TipRanks’ Stock Analysis page.