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