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

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The latest announcement is out from EDA Group Holdings Limited ( (HK:2505) ).

EDA Group Holdings Limited, through its wholly owned subsidiary EDA International, Inc., has entered into a lease agreement for a substantial warehouse and office space in Atlanta, Georgia. This transaction, classified as discloseable under Hong Kong’s Listing Rules, involves a 63-month lease with a total base rent of approximately US$15.6 million. The lease agreement is expected to enhance the company’s operational capabilities in storage and distribution, potentially strengthening its market position in the U.S.

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Technical Sentiment Signal: Hold

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