SUD Secures New Office Lease with Connected Entity

Shanghai Industrial Urban Development Group Ltd (HK:0563) has released an update.

Shanghai Industrial Urban Development Group Ltd’s subsidiary SUD has secured a five-year office space lease with an option to extend for another five years, with Shanghai Huanyu, a connected entity through shared substantial ownership. The annual rent is set at RMB 16,225,993, not including additional fees, for a space of 9,236 sq.m. and 20 parking spaces, all based on market rates and financed by internal resources.

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