tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Tongda Hong Tai Secures Suzhou Factory Lease Renewal

Tongda Hong Tai Secures Suzhou Factory Lease Renewal

Tongda Hong Tai Holdings Ltd (HK:2363) has released an update.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Tongda Hong Tai Holdings Ltd has renewed a three-year tenancy agreement for its manufacturing factory in Suzhou, effective from January 2024. The right-of-use asset for this lease is valued at approximately HK$11,550,000, with the rent funded by the group’s working capital. This transaction is classified as a discloseable transaction under the Hong Kong Listing Rules.

For further insights into HK:2363 stock, check out TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1