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Lianhua Supermarket Announces Lease Agreement for Xie Tu Property

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Lianhua Supermarket Announces Lease Agreement for Xie Tu Property

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Lianhua Supermarket Holdings Co ( (HK:0980) ) has shared an announcement.

Lianhua Supermarket Holdings Co has announced a discloseable transaction involving its subsidiary, Century Lianhua Luwan, entering into a lease agreement for the Xie Tu Property with Shenda Group and Xinghai Fashion. The property will be used as a hypermarket and underground parking garage from May 2025 to April 2030. This transaction requires the company to recognize a right-of-use asset in its financial statements, as it is considered an acquisition of an asset under the Hong Kong Listing Rules. The transaction’s value, based on the right-of-use asset, falls between 5% and 25%, necessitating disclosure and reporting under the Listing Rules.

More about Lianhua Supermarket Holdings Co

Lianhua Supermarket Holdings Co is a company incorporated in the People’s Republic of China, operating in the retail industry. It primarily focuses on running hypermarkets and other retail formats, providing a wide range of consumer goods to the market.

YTD Price Performance: -10.0%

Average Trading Volume: 2,970

Technical Sentiment Signal: Strong Buy

Current Market Cap: $64.85M

See more data about 0980 stock on TipRanks’ Stock Analysis page.

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