Veeko International Inks Major Licence Deal

Veeko International Holdings Limited (HK:1173) has released an update.

Veeko International Holdings Limited has disclosed a transaction involving a licence agreement for a cosmetics store, resulting in the recognition of HK$127.8 million in right-of-use assets. The agreement with MTR Corporation Limited covers a three-year term for a premises at Sha Tin Station, with a rising monthly fee structure starting at HK$453,000. This transaction requires Veeko to comply with Chapter 14 of the Listing Rules due to its material nature.

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