Parkson Retail Group (DE:P5IB) has released an update.
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Parkson Retail Group has entered into a fifteen-year tenancy agreement for a substantial property in Kunming City, China, marking a significant asset acquisition under IFRS 16 with a value of approximately RMB 29.7 million. This transaction, which involves operating a diverse range of commercial projects including a supermarket and shopping center, is classified as discloseable under the Listing Rules, thus requiring announcement but not shareholders’ approval.
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