JiaHua Stores Holdings Limited (HK:0602) has released an update.
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JiaHua Stores Holdings Limited has entered into a significant 15-year lease agreement for a retail space in Jiangnan Times Square, Shenzhen, which will be recognized as right-of-use assets valued at roughly RMB14.38 million on their financial statements. This major transaction, requiring shareholder approval per Listing Rules, has already received backing from major shareholders Mr. and Mrs. Zhuang, who hold a majority stake in the company. Further details on the lease terms will be provided to shareholders in an upcoming circular.
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