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An announcement from Xinji Shaxi Group Co., Ltd. ( (HK:3603) ) is now available.
Xinji Shaxi Group Co., Ltd. is seeking shareholder approval to participate in a bidding process for a 20-year lease of properties where its Xinji Hotelex Hospitality Supplies Center is located. This potential lease, if successful, would be considered a very substantial acquisition under Hong Kong’s Listing Rules, requiring the Group to recognize the properties as a right-of-use asset. The proposed mandate aims to allow the Group to proceed with the lease agreement without delay if they win the bid, ensuring continued operations of their hospitality supplies center.
More about Xinji Shaxi Group Co., Ltd.
Xinji Shaxi Group Co., Ltd. operates in the hospitality supplies industry, with a focus on wholesale markets. Its Xinji Hotelex Hospitality Supplies Center is the second largest shopping mall of the Group and is a well-known hospitality supplies wholesale market in Guangzhou, China.
Average Trading Volume: 1,657,740
Technical Sentiment Signal: Sell
Current Market Cap: HK$86.59M
See more data about 3603 stock on TipRanks’ Stock Analysis page.