Neway Group Signs Two-Year Warehouse Lease

Neway Group Holdings Limited (HK:0055) has released an update.

Neway Group Holdings Limited has announced a discloseable transaction involving a two-year tenancy agreement for a warehouse in Fanling, Hong Kong, starting December 2024. The lease, valued under HKFRS 16, will reflect as an asset acquisition on the company’s financial statements and requires notification under Hong Kong’s listing rules. The monthly rent is set at HK$184,000, with additional management charges, and both parties can terminate the agreement with notice after December 2025.

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