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Parkson Retail Group ( (HK:3368) ) has issued an announcement.
Parkson Retail Group Limited has announced the termination of a tenancy agreement for a property in Guiyang City, Guizhou Province, effective 30 November 2025. This termination, involving a derecognition of the property as a right-of-use asset valued at approximately RMB51.2 million, is considered a disposal of assets under listing rules, impacting the company’s asset management strategy.
More about Parkson Retail Group
Parkson Retail Group Limited operates and manages a network of department stores, shopping malls, outlets, and supermarkets primarily in the People’s Republic of China. The company focuses on retail operations and is involved in the management of various retail formats.
Average Trading Volume: 4,281,112
Current Market Cap: HK$500.6M
Learn more about 3368 stock on TipRanks’ Stock Analysis page.