Tian An China Investments Co Engages in Connected Transactions with AGL

Story Highlights
  • Tian An China Investments Co entered into sub-tenancy agreements with AGL.
  • The transactions are recognized as right-of-use assets and are subject to reporting requirements.
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Tian An China Investments Co Engages in Connected Transactions with AGL

The latest announcement is out from Tian An China Investments Co ( (HK:0028) ).

Tian An China Investments Co has entered into sub-tenancy agreements with AGL for leasing portions of a property, which are considered connected transactions under Hong Kong’s Listing Rules. The agreements involve the leasing of office premises and are recognized as right-of-use assets, with the aggregate value for the sub-tenancy agreements being HK$6,624,000. These transactions are subject to reporting and announcement requirements but are exempt from independent shareholders’ approval.

More about Tian An China Investments Co

YTD Price Performance: -0.54%

Technical Sentiment Signal: Strong Sell

Current Market Cap: $814.4M

See more data about 0028 stock on TipRanks’ Stock Analysis page.

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