Regina Miracle International (Holdings) Limited (HK:2199) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Regina Miracle International (Holdings) Limited has announced a new property leasing agreement through its subsidiary RM Innovative, which will lease 128 apartment units in Zhaoqing for staff accommodations. The deal with RM Investment, owned by the company’s chairman Mr. Hung, is considered a connected transaction as per listing rules and will be subject to reporting and annual review but is exempt from independent shareholder approval. This one-year lease agreement commences on October 1, 2024, with a monthly rent of approximately HK$232,008.48.
For further insights into HK:2199 stock, check out TipRanks’ Stock Analysis page.