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Tang Palace (China) Holdings Limited ( (HK:1181) ) has shared an update.
Tang Palace (China) Holdings Limited announced that its wholly-owned subsidiary, Chengdu Well Excellent, has entered into a new tenancy agreement for premises in Chengdu. This agreement, spanning over ten years, is intended for the operation of the company’s restaurant business. The transaction is classified as a discloseable transaction under the Hong Kong Listing Rules, requiring notification and announcement but exempt from shareholder approval. This strategic move is expected to strengthen the company’s foothold in the Chengdu restaurant market, potentially enhancing its operational capacity and market presence.
More about Tang Palace (China) Holdings Limited
Tang Palace (China) Holdings Limited is involved in the restaurant industry, focusing on the operation of dining establishments. The company is known for its presence in the Chinese market, where it manages and operates a chain of restaurants.
Average Trading Volume: 1,104,741
Technical Sentiment Signal: Sell
Current Market Cap: HK$202.3M
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