TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Miramar Hotel & Investment Co ( (HK:0071) ) has shared an update.
Miramar Hotel & Investment Company announced the signing of a Lease and Licence Agreement with Nation Star Development for premises at Mira Place 1, Tsimshatsui, Hong Kong. These agreements, classified as continuing connected transactions, involve a fixed one-year term with an option for extension, and include specific financial arrangements such as a rent-free period and monthly charges. The transactions are subject to reporting and annual review requirements but are exempt from shareholder approval, reflecting a strategic move to optimize asset utilization and strengthen market positioning.
More about Miramar Hotel & Investment Co
Miramar Hotel & Investment Company, Limited is a Hong Kong-based company operating in the hospitality and real estate sectors. It primarily focuses on hotel management and property investment, catering to both local and international markets.
YTD Price Performance: -28.85%
Average Trading Volume: 10,000
Technical Sentiment Signal: Buy
Current Market Cap: $793.7M
For detailed information about 0071 stock, go to TipRanks’ Stock Analysis page.