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EDA Group Holdings Limited ( (HK:2505) ) has provided an announcement.
EDA Group Holdings Limited has entered into a lease agreement through its wholly owned subsidiary, EDA International, Inc., for a property in Houston, Texas. This transaction, classified as discloseable, involves a warehouse and office space of approximately 373,860 square feet. The lease term is 65 months, with a base rent starting at US$0.45 per square foot per month, amounting to about US$10.8 million over the term. This strategic move enhances EDA’s logistics and distribution capabilities in the U.S., indicating an expansion of their operational footprint in a key market.
More about EDA Group Holdings Limited
YTD Price Performance: 6.33%
Average Trading Volume: 419,758
Technical Sentiment Consensus Rating: Strong Buy
Learn more about 2505 stock on TipRanks’ Stock Analysis page.
