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Shanghai Industrial Urban Development Group Ltd ( (HK:0563) ) has issued an update.
Shanghai Industrial Urban Development Group Ltd, through its subsidiary SUD, has entered into a property leasing agreement for office spaces in Urban Development International Tower, Shanghai. The agreement involves connected transactions with tenants who are associates of the company’s controlling shareholder, SIIC. The lease, which spans from September 2025 to May 2031, is subject to reporting and annual review requirements under Hong Kong’s Listing Rules but does not require independent shareholders’ approval. The agreement’s terms were negotiated based on market rates, and the lease includes provisions for rent, security deposit, and other charges.
More about Shanghai Industrial Urban Development Group Ltd
Average Trading Volume: 1,860,261
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.65B
For an in-depth examination of 0563 stock, go to TipRanks’ Overview page.