APAC Resources ( (HK:1104) ) has provided an announcement.
APAC Resources Limited, listed on the Hong Kong Stock Exchange, has entered into a Sub-tenancy Agreement with AGL for leasing office premises on the 9th and 23rd floors of a property for two years starting April 1, 2025. This agreement, considered a connected transaction due to AGL’s significant shareholding in APAC, involves a monthly rental of HK$140,600 and will be financed by the company’s internal resources. The transaction will be recognized as an acquisition of right-of-use assets valued at approximately HK$3,164,000, impacting the company’s asset management and financial reporting.
More about APAC Resources
YTD Price Performance: 5.00%
Technical Sentiment Signal: Strong Sell
Current Market Cap: $186.7M
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