Lianhua Supermarket Holdings Co (HK:0980) has released an update.
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Lianhua Supermarket Holdings Co has announced a significant tenancy agreement with Vanguard to lease a large premise in Shanghai for hypermarket and commercial use from July 2024 to December 2029. This move, classified as a discloseable transaction under Hong Kong’s Listing Rules, will see the company recognizing a right-of-use asset in its financial statements. The agreement allows for potential subleasing, enhancing the property’s commercial viability.
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