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King Fook Holdings Limited ( (HK:0280) ) has provided an announcement.
King Fook Holdings Limited has entered into a new tenancy agreement for one of its retail outlets in Central, Hong Kong, constituting a discloseable transaction under the Listing Rules. The two-year lease, valued at approximately $29,664,000, is considered fair and beneficial for shareholders, reflecting the company’s strategic focus on maintaining its retail presence in prime locations. Another existing lease for a different property in the same building is also noted, reinforcing the company’s commitment to its high-end retail segment.
More about King Fook Holdings Limited
King Fook Holdings Limited is engaged in the retailing of gold ornaments, jewelry, watches, and gifts, as well as trading bullion and wholesaling diamonds. The company focuses on high-end jewelry and accessory retail, operating outlets in prominent locations such as Central, Hong Kong.
YTD Price Performance: 2.94%
Average Trading Volume: 249,028
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: HK$318.3M
For a thorough assessment of 0280 stock, go to TipRanks’ Stock Analysis page.