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New World Department Store China Limited ( (HK:0825) ) has provided an update.
New World Department Store China Limited has announced a Supplemental Lease Agreement through its subsidiary, NWDS Shanghai Huiying, with Shanghai Yongyi to extend the lease of its department store premises in Shanghai until April 2036. This agreement, which amends certain terms of the existing lease, reflects recent commercial negotiations and includes a rent-free period to support business enhancements. The transaction is classified as a discloseable transaction under the Hong Kong Listing Rules, impacting the company’s asset acquisition and financial statements.
The most recent analyst rating on (HK:0825) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on New World Department Store China Limited stock, see the HK:0825 Stock Forecast page.
More about New World Department Store China Limited
New World Department Store China Limited operates in the retail industry, focusing on department store business. The company has been leasing premises in Shanghai since 2010 to operate its department stores, indicating a market focus on the Chinese retail sector.
Average Trading Volume: 1,631,866
Technical Sentiment Signal: Buy
Current Market Cap: HK$581.7M
For detailed information about 0825 stock, go to TipRanks’ Stock Analysis page.