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Superland Group Holdings Ltd. ( (HK:0368) ) has provided an announcement.
Superland Group Holdings Ltd. announced a supplemental deed to amend its existing lease agreement for its office premises in Kowloon Bay, Hong Kong. The lease term has been shortened by one year, providing the company with greater flexibility in future office space selection. Rent adjustments have been made, with a structured increase over the lease period, and a rent-free period has been established. The financial impact includes a derecognition of a right-of-use asset valued at approximately HK$4.39 million, which does not constitute a notifiable transaction under the Listing Rules.
The most recent analyst rating on (HK:0368) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Superland Group Holdings Ltd. stock, see the HK:0368 Stock Forecast page.
More about Superland Group Holdings Ltd.
Superland Group Holdings Ltd. is a company incorporated in the Cayman Islands, operating primarily in the real estate and leasing industry. The company focuses on providing office space solutions and is actively involved in the Hong Kong office leasing market.
Average Trading Volume: 40,800
Technical Sentiment Signal: Buy
Current Market Cap: HK$252M
Learn more about 0368 stock on TipRanks’ Stock Analysis page.