Styland Holdings Limited (HK:0211) has released an update.
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Styland Holdings Limited has announced a significant tenancy agreement for a new principal place of business in Hong Kong, commencing from October 2024 to September 2028. This discloseable transaction, involving an indirect wholly-owned subsidiary of the company and an independent third party, falls under the reporting requirements due to the value of the recognised right-of-use asset. The lease includes periodic rent-free periods and sets a fixed monthly rent for the initial 18 months, ensuring stability for the Group’s operations in the region.
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