Wing On renews connected-party office lease at Wing On Centre

Wing On Co. International Ltd. ( (HK:0289) ) just unveiled an announcement.

Wing On Company International has renewed an internal office lease between group entities for premises in Wing On Centre, Hong Kong, covering a lettable area of about 6,340 square feet for commercial use. The two-year tenancy, running from 8 June 2026 to 7 June 2028, sets monthly rent at HK$311,000 plus management and air-conditioning charges of HK$53,844, and includes a designated car parking space at HK$5,000 per month.

Because WOCOM is an indirect non-wholly-owned subsidiary of a substantial shareholder and WOCO is an indirect wholly owned unit of the group, the tenancy and parking licence are treated as continuing connected transactions under Hong Kong listing rules. The deal’s size triggers announcement, reporting and annual review obligations, but is exempt from circular and independent shareholder approval, and directors say the terms are on normal commercial terms, based on an independent valuation and comparable market charges, and are in the interests of the company and its shareholders.

The most recent analyst rating on (HK:0289) stock is a Hold with a HK$14.50 price target. To see the full list of analyst forecasts on Wing On Co. International Ltd. stock, see the HK:0289 Stock Forecast page.

More about Wing On Co. International Ltd.

Wing On Company International Ltd. is a Hong Kong-based group primarily engaged in operating department stores and investing in property. Its subsidiary WOCO focuses on investment holding and property investment, while WOCOM is an investment holding company whose subsidiaries provide securities and futures broking, investment services and leveraged foreign exchange trading.

Average Trading Volume: 19,384

Technical Sentiment Signal: Buy

Current Market Cap: HK$4.01B

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