Parkson Retail Group (DE:P5IB) has released an update.
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Parkson Retail Group Limited has announced the renewal of major tenancy agreements for properties in Shenyang and Harbin, with the transactions requiring shareholder approval due to their classification as major transactions as per the Listing Rules. The Shenyang and Harbin property agreements, valued at approximately RMB150.3 million and RMB154.3 million respectively, will extend the tenancies until the end of 2034. A group of shareholders holding a majority stake has already expressed written approval, negating the need for a general meeting.
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