Parkson Retail’s Major Tenancy Renewal in Nanning City

Parkson Retail Group (HK:3368) has released an update.

Parkson Retail Group has announced a significant acquisition by renewing its tenancy agreement in Nanning City, China. The renewal, stretching until November 2042, involves a right-of-use asset valued at approximately RMB279.8 million. This move requires shareholder approval as it constitutes a very substantial acquisition under Hong Kong’s Listing Rules.

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