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JiaHua Stores Holdings Limited ( (HK:0602) ) has shared an update.
JiaHua Stores Holdings Limited has entered into a three-year lease agreement under which its subsidiary BJH Department Stores will lease a portion of office premises in Shenzhen to related party JH Real Estate from 1 January 2026 to 31 December 2028, at a monthly rent of RMB67,072.43, with proposed annual caps of RMB1 million for each of the three years. Classified as a de minimis continuing connected transaction under Hong Kong listing rules, the arrangement is subject only to reporting and announcement requirements, and management emphasizes that the deal was negotiated at arm’s length, is in the ordinary course of business, optimizes underutilized office space, and provides incremental rental income and cash flow while being overseen by an independent board committee to safeguard minority shareholders’ interests.
The most recent analyst rating on (HK:0602) stock is a Sell with a HK$0.04 price target. To see the full list of analyst forecasts on JiaHua Stores Holdings Limited stock, see the HK:0602 Stock Forecast page.
More about JiaHua Stores Holdings Limited
JiaHua Stores Holdings Limited is principally engaged in the operation and management of retail stores in mainland China, positioning it within the PRC retail sector and focusing on brick‑and‑mortar department store formats. Its operations are supported by related-party entities involved in property development and management, reflecting an integrated approach to securing and utilizing commercial premises for its business.
Average Trading Volume: 228,863
Technical Sentiment Signal: Hold
Current Market Cap: HK$56.03M
For an in-depth examination of 0602 stock, go to TipRanks’ Overview page.