King Fook Renews Lease Agreements for Flagship Premises in Central; Shares Lose 2%

MT Newswires Live

07/31

King Fook Holdings (HKG:0280) entered into new tenancy and licence agreements with Stanwick Properties, a wholly owned unit of controlling shareholder Yeung Chi Shing Estates, according to a Wednesday Hong Kong bourse filing.

Shares of the company fell over 2% in Thursday's recent trade.

The agreements relate to its flagship retail and office premises at King Fook Building in Central.

The one-year leases, effective Aug. 16, cover various floors and facilities across the building, totaling 11,620 square feet plus a 560-square-foot flat roof.

King Fook said the leases will provide operational continuity at its key location and flexibility amid current macro uncertainties.

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