Wuhan Youji Subsidiary Signs 10-Year Lease Agreement for Resin Factory Site

MT Newswires Live

2025/03/27

Chinese toluene derivative products provider Wuhan Youji's (HKG:2881) wholly-owned subsidiary Wuhan Youji Industries signed a lease agreement with Wuhan Twin Tigers Coatings for the lease of two properties.

The 10-year lease, valid from July 14, 2025, to July 13, 2035, covers a resin workshop spread across 10,146 square meters and an intermediate tank area of 8,431.5 square meters, a Wednesday Hong Kong bourse filing said.

Wuhan Youji will pay a monthly rent of 186,597.25 yuan, inclusive of tax, to Wuhan Twin Tigers Coatings, it said.

Shares of Wuhan Youji rose more than 1% at market close on Thursday.

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