Lianhua Supermarket Holdings Co (HK:0980) has released an update.
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Lianhua Supermarket Holdings Co. has renewed its lease agreement with Bailian Central, reducing its leased space and adjusting the lease term to 10 years, starting September 2024. This renewal will result in the company recognizing a right-of-use asset and is deemed a discloseable transaction under Hong Kong Listing Rules, also requiring shareholder approval due to the landlord’s connection to the company.
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