Integrated Waste Solutions (HKG:0923) agreed to surrender a long-term industrial lease in Tseung Kwan O to the Hong Kong Science and Technology Parks Corporation (HKSTP) at no consideration, according to a July 18 Hong Kong bourse filing.
Shares of the company were up nearly 7% in Monday morning trade.
The lease, originally granted in 2010 and set to expire in 2047, covers a 30,693-square-meter waste recovery facility. The disposal follows under-utilization concerns after the group discontinued its waste plastic recycling business in early 2024.
IWS expects to record a one-off loss of about HK$156 million related to the surrender, including the net book value of the property and associated transaction expenses.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。