Mainland Headwear Holdings (HK:1100) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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.
For further insights into HK:1100 stock, check out TipRanks’ Stock Analysis page.