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Shangri-La Asia ( (HK:0069) ) has shared an announcement.
Shangri-La Asia Limited has announced the renewal of its office tenancy at Kerry Centre, a move that ensures the continuity of its operations. The transaction involves a connected party, as the lessor is a subsidiary of a substantial shareholder, making it a connected transaction under Hong Kong’s Listing Rules. The renewal, valued at HK$49 million, is subject to announcement and reporting requirements but does not require independent shareholder approval. This strategic decision aligns with market rates and supports the company’s uninterrupted business activities.
The most recent analyst rating on (HK:0069) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on Shangri-La Asia stock, see the HK:0069 Stock Forecast page.
More about Shangri-La Asia
Shangri-La Asia Limited is a company incorporated in Bermuda with a focus on hotel management and related services. It operates as a wholly owned subsidiary under the umbrella of a larger group, with significant involvement in the real estate and hospitality sectors.
Average Trading Volume: 653,673
Technical Sentiment Signal: Sell
Current Market Cap: HK$16.58B
Find detailed analytics on 0069 stock on TipRanks’ Stock Analysis page.