Shangri-La Asia Ltd. has announced the renewal of its office premises tenancy at Kerry Centre, located at 683 King's Road, Quarry Bay, Hong Kong. The wholly owned subsidiary, Shangri-La International Hotel Management Limited, entered into a tenancy offer letter to extend the lease of the Group's office space and will continue to license car parking spaces at the same location. The transaction, involving Ubagan Limited, a subsidiary of substantial shareholder Kerry Holdings Limited, is classified as a connected transaction under Hong Kong listing rules.
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