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EDA Group Holdings Expands U.S. Operations with New Lease Agreement

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EDA Group Holdings Limited ( (HK:2505) ) has provided an announcement.

EDA Group Holdings Limited has entered into a lease agreement through its wholly owned subsidiary, EDA International, Inc., for a property in Houston, Texas. This transaction, classified as discloseable, involves a warehouse and office space of approximately 373,860 square feet. The lease term is 65 months, with a base rent starting at US$0.45 per square foot per month, amounting to about US$10.8 million over the term. This strategic move enhances EDA’s logistics and distribution capabilities in the U.S., indicating an expansion of their operational footprint in a key market.

More about EDA Group Holdings Limited

YTD Price Performance: 6.33%

Average Trading Volume: 419,758

Technical Sentiment Consensus Rating: Strong Buy

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