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Wing On Co. International Ltd. ( (HK:0289) ) has provided an announcement.
Wing On Company International Ltd. announced the renewal of its tenancy agreement for a one-year term starting June 2025, involving its subsidiary WOCOM as the tenant and WOCO as the landlord. The agreement, which includes a monthly rent of HK$337,000 and additional fees, is considered a continuing connected transaction under Hong Kong’s Listing Rules. The renewal is seen as commercially beneficial, with terms negotiated at arm’s length and deemed fair and reasonable by the company’s directors, excluding those with a material interest who abstained from voting.
More about Wing On Co. International Ltd.
Wing On Company International Ltd. operates in the department store and property investment sectors. The company, through its subsidiaries, is also involved in securities and futures broking, investment, and leveraged foreign exchange trading.
YTD Price Performance: -2.33%
Average Trading Volume: 15,295
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.39B
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