Sino Harbour Holdings Ends Long-term Rental Agreement

Sino Harbour Holdings Group Limited (HK:1663) has released an update.

Sino Harbour Holdings Group Limited has announced the early termination of a property rental agreement by its subsidiary Hangzhou Gangze, originally set to last over 19 years. The agreement, which involved units in Hangzhou, will end in November 2024, with Hangzhou Gangze paying a penalty fee of RMB5.2 million. The fee will be offset by existing deposits and unused rental payments.

For further insights into HK:1663 stock, check out TipRanks’ Stock Analysis page.