Man Sang International Signs Connected Lease for New Lijiang Hotel Premises

Man Sang International ( (HK:0938) ) just unveiled an update.

Man Sang International’s subsidiary Lijiang Hotel has entered into a two-year connected lease agreement with Lijiang Doof to rent approximately 7,554 square metres of premises in Lijiang, Yunnan, for hotel use starting 1 February 2026, or a later date subject to obtaining the necessary operating permits. The lease, which will be recognised as right-of-use assets of about RMB 6.97 million under IFRS 16, qualifies as a connected transaction because Lijiang Doof is ultimately controlled by executive director and controlling shareholder Mr. Hu, triggering reporting and announcement obligations under Hong Kong’s Listing Rules but exempting the deal from independent shareholder approval; failure to secure hotel operation permits by 31 March 2026 will lead to automatic termination of the agreement, underscoring regulatory execution risk around the project.

The most recent analyst rating on (HK:0938) stock is a Hold with a HK$0.39 price target. To see the full list of analyst forecasts on Man Sang International stock, see the HK:0938 Stock Forecast page.

More about Man Sang International

Man Sang International Limited is a Bermuda-incorporated company listed in Hong Kong that, through its subsidiaries, is involved in hospitality operations, including hotel businesses in mainland China. The group’s activities include managing and operating hotel properties, with a growing presence in tourist destinations such as Lijiang in Yunnan Province.

Average Trading Volume: 476,796

Technical Sentiment Signal: Sell

Current Market Cap: HK$252.4M

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