Tristate Holdings Limited ( (HK:0458) ) has issued an update.
Tristate Holdings Limited announced a new tenancy agreement through its subsidiary Gold Flower, which will lease premises from TDB for two years starting April 2025. This agreement is a connected transaction as per Hong Kong’s Listing Rules due to shared directorships among the involved parties. The premises will be used for factory, storage, and office purposes, ensuring continuity in operations and avoiding relocation costs. The agreement terms were deemed fair and beneficial, following arm’s length negotiations and independent valuation.
More about Tristate Holdings Limited
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €95.08M
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