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United Energy Group ( (HK:0467) ) has issued an announcement.
United Energy Group Limited has entered into a Lease Amendment Agreement through its subsidiary, United Energy (Beijing), with Beijing Dacheng to extend the terms of their existing lease agreements for premises in Beijing until 2034. This transaction, involving a connected party under the Listing Rules, results in an estimated right-of-use asset value of approximately RMB75,261,000. The agreement is subject to reporting and announcement requirements but is exempt from circular and shareholders’ approval due to the percentage ratio under the Listing Rules.
The most recent analyst rating on (HK:0467) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on United Energy Group stock, see the HK:0467 Stock Forecast page.
More about United Energy Group
United Energy Group Limited is a company incorporated in the Cayman Islands and continued in Bermuda, operating in the energy sector. It is involved in energy-related activities, with a focus on leasing agreements for premises in Beijing through its indirect wholly-owned subsidiary, United Energy (Beijing).
Average Trading Volume: 153,849,188
Technical Sentiment Signal: Buy
Current Market Cap: HK$13.77B
For a thorough assessment of 0467 stock, go to TipRanks’ Stock Analysis page.