Neway Group Holdings Limited (HK:0055) has released an update.
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Neway Group Holdings Limited’s wholly-owned subsidiary CTPHK has entered into a renewal agreement for their tenancy, which will extend from November 16, 2024, to November 15, 2027. This transaction will be reflected in the company’s financial statements as per HKFRS 16 leasing standards and is classified as a discloseable transaction under the Listing Rules due to its value. The lease pertains to office units in Kowloon, Hong Kong and the renewal represents a continuation of the existing lease set to expire on November 15, 2024.
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