Sinomax Group Expands Lease Agreement Terms
Company Announcements

Sinomax Group Expands Lease Agreement Terms

Sinomax Group Ltd. (HK:1418) has released an update.

Sinomax Group Ltd. has expanded its lease agreement with Dongguan Donglian, leasing additional premises for three months starting October 2024, at a monthly rent of approximately HK$387,692. The supplemental agreement is considered connected due to common ownership and is aggregated with the original lease for regulatory purposes. The arrangement is recognized as an expense rather than a right-of-use asset due to the short lease term, and it does not require shareholder approval but must be reported under the Listing Rules.

For further insights into HK:1418 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App