Wang On Group Limited (HK:1222) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Wang On Group Limited has announced that its subsidiaries have successfully renewed their respective leases for a four-year term, commencing January 2024 through December 2027. These new leases, valued at approximately HK$50.0 million, will be recognized as right-of-use assets and lease liabilities in the group’s consolidated financial statements. The transaction is classified as a disclosable transaction as per the Listing Rules, requiring announcement and reporting due to its financial significance.
For further insights into HK:1222 stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue