The latest update is out from Hong Kong Resources Holdings Co. Ltd. ( (HK:2882) ).
3DG Holdings (International) Limited, operating through its subsidiary Gold Ocean, has terminated its Macau Tenancy Agreement with Squash International Limited, initially set for a four-year period starting January 2024. The termination is based on commercial considerations and will not materially impact the company’s financial position or operations. The termination agreement, effective January 10, 2025, involves a refund of the deposit to Gold Ocean and cessation of obligations under the tenancy. The move is treated as a disposal of assets under Chapter 14 of the Listing Rules but does not require shareholder approval due to the low applicable percentage ratios.
More about Hong Kong Resources Holdings Co. Ltd.
YTD Price Performance: -5.00%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €17.14M
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