Veeko International Holdings Limited ( (HK:1173) ) has issued an update.
Veeko International Holdings Limited announced that its wholly-owned subsidiary, the Retailer, has entered into a lease renewal agreement for a shop in Tsuen Wan, Hong Kong, to continue retail operations under the ‘Colourmix’ brand for three years beginning March 2025. This transaction will be recognized as a right-of-use asset under HKFRS16 accounting standards, classifying it as a discloseable transaction subject to the listing rules, indicating a strategic move to sustain market presence and potentially impact asset recognition and reporting.
More about Veeko International Holdings Limited
Veeko International Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the retail sale of cosmetics, health, and skincare products under the trade name ‘Colourmix’.
Average Trading Volume: 2,186,160
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$75.54M
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