UMP Healthcare Holdings Limited (HK:0722) has released an update.
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UMP Healthcare Holdings Limited has announced the signing of the 2024 Connected Transaction Agreement and the 2024 Continuing Connected Transactions Renewal Agreements, set to replace the existing agreements expiring on June 30, 2024. The connected transaction involves the recognition of an estimated HK$4,470,000 right-of-use asset for lease agreements, which falls within regulatory thresholds for exemption from shareholder approval. The company’s leasing arrangements with Rich Point Group for operating medical centres are governed by these agreements.
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