ENM Holdings (HK:0128) has released an update.
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ENM Holdings Limited has entered into a Surrender Agreement to terminate their existing Tenancy Agreement early, opting to move to smaller office premises due to reduced space requirements. The company will pay a fee to the landlords instead of reinstating the premises to its original condition and estimates a gain of HK$71,000 from the agreement, which is not expected to materially impact its financial position. The Board considers the terms fair and in the best interest of the Company and its shareholders, with no significant conflict of interest among the Directors.
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