Shenguan Holdings (Group) Limited (HK:0829) 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.
Shenguan Holdings (Group) Limited has announced the signing of three separate three-year tenancy agreements for various subsidiaries with a connected landlord, effective from July 2024 to June 2027. These connected transactions are exempt from shareholder approval as they fall below the 5% threshold, and they will result in the recognition of a right-of-use asset on the company’s financial statements. The agreements are part of the company’s asset acquisition strategy and comply with the Listing Rules and HKFRS 16 ‘Leases’.
For further insights into HK:0829 stock, check out TipRanks’ Stock Analysis page.