Parkson Retail Group (HK:3368) has released an update.
Parkson Retail Group has entered into a significant long-term tenancy agreement for a property in Shanghai, marking a substantial acquisition for the company. The agreement, which runs until 2039, involves a right-of-use asset valued at approximately RMB298.8 million, reflecting the company’s strategic expansion in the region. The deal, which requires shareholder approval, highlights Parkson’s continued commitment to its retail operations.
For further insights into HK:3368 stock, check out TipRanks’ Stock Analysis page.
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