CETC Digital Technology's Shanghai Property Rent to Go Down to 38 Million Yuan in Renewed Contract

MT Newswires Live

2024/10/04

CETC Digital Technology (SHA:600850) and its subsidiary, Shanghai Huaxun Network Systems, expect their rent at a property in Shanghai, China to be reduced to 38.3 million yuan at the renewal of the contract, according to a Sept. 28 filing on the Shanghai Stock Exchange.

The Chinese technology company plans to continue renting the 16th to 19th floors of China Electronics Technology Group (Shanghai) Real Estate Development's building in Pudong New Area for three more years.

The amount of the lease will be set at 4.9 yuan per square meter each day after the lease expires on Tuesday, Oct. 1, the filing said.

Price (RMB): Â¥21.01, Change: Â¥+1.9, Percent Change: +10.00%

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