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PT International Development Corporation Limited ( (HK:0372) ) has issued an update.
PT International Development Corporation Limited has announced the renewal of a lease agreement for its principal place of business in Hong Kong. The lease, executed with Pointpiper Investment, extends for three years and involves a right-of-use asset valued at approximately HK$5.0 million. This transaction is classified as a discloseable transaction under Hong Kong’s Listing Rules, requiring notification and announcement due to its size. Additionally, the agreement is considered a frustrating action under the Takeovers Code, but the company has obtained necessary consent, negating the need for a shareholders’ meeting.
More about PT International Development Corporation Limited
YTD Price Performance: -13.33%
Technical Sentiment Signal: Sell
Current Market Cap: €8.92M
See more data about 0372 stock on TipRanks’ Stock Analysis page.
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