Lianhua Supermarket Holdings Co ( (HK:0980) ) has issued an announcement.
Lianhua Supermarket Holdings Co has entered into a Housing Leasing Business Cooperation Framework Agreement with Bailian Group. This agreement allows Bailian Group and its subsidiaries to lease premises to Lianhua for operations such as supermarkets, convenience stores, warehouses, and offices from January 1, 2025, to December 31, 2027. The agreement is classified as a continuing connected transaction due to Bailian Group’s status as a substantial shareholder. As the transaction’s proposed annual caps exceed 0.1% but are less than 5%, it is subject to reporting and annual review requirements under Chapter 14A of the Listing Rules, but it does not require independent shareholders’ approval.
More about Lianhua Supermarket Holdings Co
YTD Price Performance: 5.00%
Average Trading Volume: 1,800
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $53.19M
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