Fulum Group Holdings Limited (Stock Code: 1443) issued a circular announcing a Very Substantial Acquisition and continuing connected transactions under a new 2026 Connected Tenancy Framework Agreement. Subject to independent shareholders’ approval, the agreement covers a three-year term from 1 April 2026 to 31 March 2029.

The transaction involves renewing the tenancy of 21 leased properties in Hong Kong, primarily serving as restaurants, offices, a central kitchen, a logistics center, and warehouses. The aggregate monthly rental of these premises is approximately HK$6.20 million. According to the announcement, the total value of right-of-use assets to be recognized under the agreement is projected at around HK$214.65 million.

Under the arrangement, an extraordinary general meeting is scheduled for 24 March 2026, where independent shareholders will consider and vote on the agreement and its related cap. The company stated that the leases in question are intended to maintain its mid- to long-term operational needs while ensuring continuity of restaurant services in prime locations and minimizing disruption or additional costs from relocations.