SMC Electric Limited (HK:2381) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
SMC Electric Limited has renewed its tenancy agreements for factory spaces in Foshan City, China, effective from January 2025 to December 2026. The company, which is largely controlled by Shell Holdings, will recognize the rental payments as right-of-use assets, valued at approximately HK$6,968,000. This renewal is categorized as a connected transaction under the Hong Kong Stock Exchange rules, but it is exempt from certain approval requirements due to its scale.
For further insights into HK:2381 stock, check out TipRanks’ Stock Analysis page.