AEON Stores Commits to 12-Year Lease in Guangzhou

AEON Stores (Hong Kong) Co., Limited (HK:0984) has released an update.

AEON Stores (Hong Kong) Co., Limited, has entered into a 12-year lease agreement for a retail space in Guangzhou, China, commencing from August 16, 2024. The agreement, involving a non-wholly-owned subsidiary, AEON GD, will see the company recognize a right-of-use asset valued at approximately RMB16.2 million. This transaction is significant enough to require disclosure but does not need shareholder approval.

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