United Energy Group (HK:0467) has released an update.
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United Energy Group has announced the signing of a new lease for property in Beijing with Beijing Dacheng and a property service agreement with Orient Anyi (Beijing), both connected to the company’s chairman, which will be considered connected transactions under the Listing Rules. The lease and service agreements, which run from September 2024 to August 2027, will result in the recognition of substantial right-of-use assets but do not require shareholder approval due to their percentage ratios.
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