Neway Group Holdings Limited (HK:0055) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Neway Group Holdings Limited has announced a discloseable transaction involving a two-year tenancy agreement for a warehouse in Fanling, Hong Kong, starting December 2024. The lease, valued under HKFRS 16, will reflect as an asset acquisition on the company’s financial statements and requires notification under Hong Kong’s listing rules. The monthly rent is set at HK$184,000, with additional management charges, and both parties can terminate the agreement with notice after December 2025.
For further insights into HK:0055 stock, check out TipRanks’ Stock Analysis page.