United Energy Group (HK:0467) has released an update.
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United Energy Group has entered a lease agreement through its subsidiary, United Energy (Beijing), with Beijing Dacheng for office space in Beijing’s Orient Financial Center, from September 2024 to August 2027. The deal, linked to the company’s chairman, constitutes a connected transaction under Hong Kong Listing Rules and is estimated to add approximately RMB 24.7 million in right-of-use assets to the company’s balance sheet. The terms were set at market rates and the agreement is expected to support the company’s business expansion without requiring shareholder approval.
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