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The latest announcement is out from GOGOX Holdings Limited ( (HK:2246) ).
GOGOX Holdings Limited, through its indirect wholly-owned subsidiary Tianjin 58 Technology, has entered into a Supplemental Property Lease Agreement with Beijing Swan Home, an indirect non wholly-owned subsidiary of 58 Daojia. This agreement extends the existing lease term to March 31, 2028, and involves the partial surrender of certain leased premises. The transaction is classified as a connected transaction under Hong Kong’s Listing Rules, involving both a disposal and acquisition of assets. This move will require the company to adjust its financial reporting under IFRS 16, reflecting the derecognition and recognition of right-of-use assets.
More about GOGOX Holdings Limited
YTD Price Performance: -16.30%
Average Trading Volume: 3,326,883
Technical Sentiment Signal: Buy
Learn more about 2246 stock on TipRanks’ Stock Analysis page.
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