Mainland Headwear Holdings (HK:1100) has released an update.
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Mainland Headwear Holdings Limited has completed the acquisition of a 55% share in a leading European design company and has entered into a New Tenancy Agreement for a business complex in the Netherlands. The agreement ensures the continued use of the premises for the subsidiary’s operations with a monthly rental of Euro 40,833 until July 2027, and is in compliance with the Listing Rules. The deal is said to be beneficial for the company and its shareholders, offering a right-of-use asset valued at approximately Euro 1.3 million in the company’s financials.
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