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Lee & Man Chemical Secures Long-Term Vietnam Land Sublease in Discloseable Deal

Story Highlights
  • Lee & Man Chemical’s unit LMC Vietnam will sublease major land and water areas in Ho Chi Minh City until 2077.
  • The VND1.54 trillion infrastructure-fee transaction is discloseable under HK rules but needs no shareholder approval.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lee & Man Chemical Secures Long-Term Vietnam Land Sublease in Discloseable Deal

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Lee & Man Chemical Co. Ltd. ( (HK:0746) ) has provided an announcement.

Lee & Man Chemical’s subsidiary LMC Vietnam has entered into long-term sublease contracts for roughly 285,000 square metres of land and 21,635 square metres of adjacent water surface area in Ho Chi Minh City, Vietnam, running from 25 December 2025 to 21 December 2077. The deal, carrying an infrastructure fee of about VND1.54 trillion (approximately HK$455.7 million) paid in instalments, is classified under Hong Kong listing rules as a discloseable transaction, triggering reporting and announcement obligations but exempting the company from circular and shareholder approval requirements, signalling a sizable but not transformational capital commitment to its Vietnam footprint.

The most recent analyst rating on (HK:0746) stock is a Buy with a HK$6.00 price target. To see the full list of analyst forecasts on Lee & Man Chemical Co. Ltd. stock, see the HK:0746 Stock Forecast page.

More about Lee & Man Chemical Co. Ltd.

Lee & Man Chemical Company Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates through subsidiaries in the chemical sector and is expanding its presence in Vietnam via its indirectly wholly owned unit LMC Vietnam.

Average Trading Volume: 327,826

Technical Sentiment Signal: Buy

Current Market Cap: HK$4.17B

See more insights into 0746 stock on TipRanks’ Stock Analysis page.

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