tiprankstipranks
China Merchants Port Adjusts Lease Income Caps
Company Announcements

China Merchants Port Adjusts Lease Income Caps

China Merchants Port Holdings Co (HK:0144) has released an update.

Don't Miss Our Christmas Offers:

China Merchants Port Holdings Co. has revised and set new annual caps for rental income under the Qianhai Bay Garden Lease Agreements for 2024 and 2025, due to insufficient previous thresholds and additional needs for employee housing. The revised annual cap for 2024 is set at approximately HK$ 15.36 million, and the cap for 2025 at about HK$14.16 million. These adjustments are exempt from shareholder approval requirements as they fall below the 5% threshold of applicable percentage ratios.

For further insights into HK:0144 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks HongKong Auto-Generated NewsdeskChina Merchants Port Holdings Announces Board Changes
TipRanks HongKong Auto-Generated NewsdeskChina Merchants Port Holdings Announces New Board Structure
TipRanks HongKong Auto-Generated NewsdeskChina Merchants Port Group Releases Quarterly Report
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App