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An announcement from Parkson Retail Group ( (HK:3368) ) is now available.
Parkson Retail Group Limited announced the signing of a new tenancy agreement for a property in Liupanshui City, China, allowing the company to continue occupying the site for its department store operations for another ten years starting January 2027. This agreement will be recognized as an acquisition of a right-of-use asset valued at approximately RMB46.3 million under IFRS 16, categorizing it as a discloseable transaction, thus requiring reporting and announcement but exempting it from circular and shareholders’ approval.
More about Parkson Retail Group
Parkson Retail Group Limited is a company incorporated in the Cayman Islands, operating primarily in the retail industry with a focus on department stores. The company has been actively involved in retail operations in China, maintaining a significant presence in the market.
For an in-depth examination of 3368 stock, go to TipRanks’ Stock Analysis page.
