Wang On Group Limited (HK:1222) has released an update.
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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.
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