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Shenzhen Investment Holdings Bay Area Development Company ( (HK:0737) ) has issued an announcement.
Shenzhen Investment Holdings Bay Area Development Company has entered into a new lease agreement for office premises in Shenzhen, PRC, with Shenzhen Expressway, its intermediate holding company. The lease, commencing on June 1, 2025, and ending on December 31, 2028, is valued at approximately RMB21.40 million and will be recognized as right-of-use assets and lease liabilities in the company’s financial statements. This transaction, considered a connected transaction under Hong Kong’s Listing Rules, highlights the company’s strategic move to secure office space for its operations, potentially impacting its financial positioning and stakeholder interests.
More about Shenzhen Investment Holdings Bay Area Development Company
Shenzhen Investment Holdings Bay Area Development Company operates in the infrastructure sector, focusing on investment and development projects in the Greater Bay Area of China. The company is involved in leasing and managing office premises, contributing to the region’s commercial real estate market.
Average Trading Volume: 250,970
Technical Sentiment Signal: Buy
Current Market Cap: HK$5.61B
For detailed information about 0737 stock, go to TipRanks’ Stock Analysis page.