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AEON Credit Service (Asia) Co., Ltd. ( (HK:0900) ) has provided an update.
AEON Credit Service (Asia) Co., Ltd. has renewed its KH Licence Agreement with AEON Stores for the lease of premises at Kornhill Plaza, Hong Kong, for another year starting June 2025. This renewal is classified as a connected transaction under HKFRS 16, requiring the company to recognize it as a right-of-use asset valued at approximately HK$3,080,000. The transaction is subject to reporting and announcement requirements but is exempt from independent shareholders’ approval, indicating a streamlined compliance process for the company.
More about AEON Credit Service (Asia) Co., Ltd.
AEON Credit Service (Asia) Co., Ltd. operates in the financial services industry, primarily focusing on providing credit services and financial products. The company is part of a larger group that includes AEON Stores, indicating a market focus that may include retail-related financial services.
Average Trading Volume: 138,570
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.68B
For a thorough assessment of 0900 stock, go to TipRanks’ Stock Analysis page.