Luen Thai Holdings Limited (HK:0311) has released an update.
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Luen Thai Holdings Limited has announced the renewal of a factory lease in Cambodia for a five-year term starting April 1, 2025. The lease agreement with an independent third party covers approximately 40,400 square meters of land and factory space, with rental rates set for the period. This transaction is deemed significant enough to require reporting and announcement under Chapter 14 of the Listing Rules due to the value of the right-of-use asset the Group will recognize.
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