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King Fook Holdings Limited ( (HK:0280) ) has shared an update.
King Fook Holdings Limited, through its subsidiary King Fook Jewellery Group Limited, has entered into a new tenancy agreement for a retail outlet in Central, Hong Kong, with a two-year term starting September 2025. This transaction, deemed a discloseable one under the Listing Rules, involves a total rent of $9,888,000 and is part of the company’s strategy to maintain its retail presence for watches and accessories. The agreement was negotiated at arm’s length and is considered fair and reasonable by the company’s directors, aligning with market rent rates and benefiting shareholders.
More about King Fook Holdings Limited
King Fook Holdings Limited operates in the luxury retail industry, focusing on high-end jewellery, watches, and accessories. The company primarily serves the Hong Kong market through its subsidiary, King Fook Jewellery Group Limited, which manages retail outlets for these products.
Average Trading Volume: 461,543
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$322.8M
See more insights into 0280 stock on TipRanks’ Stock Analysis page.