Yuexiu Property Renews Lease on Elderly-care Facility

MT Newswires Live

02/02

Yuexiu Property (HKG:0123) said it renewed a lease on its elderly-care facility in China's Guangzhou on more favorable terms, according to a Hong Kong bourse filing Friday.

Shares of the property developer fell nearly 4% in late morning Monday.

The new lease replaces earlier agreements and will last for 20 years.

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