Ulferts International Limited (HK:1711) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Ulferts International Limited has announced a discloseable transaction involving a new tenancy agreement with Sun Hung Kai Real Estate for a retail shop. The lease, running from July 3, 2024, to July 2, 2026, commits the tenant to a monthly rent with a basic or turnover-based rate, which collectively amounts to an approximate HK$3.9 million over the term. The transaction, which does not require shareholder approval, is deemed fair and in line with market rates, serving the interests of the company and its shareholders.
For further insights into HK:1711 stock, check out TipRanks’ Stock Analysis page.