EDA Group Holdings Signs Lease Agreement for New Jersey Property

Stock News

03/08

EDA GROUP HLDGS (02505) announced that on March 6, 2026 (US time), its wholly-owned subsidiary, as the tenant, along with EDA International Inc. and the company itself, as the lease guarantor, entered into a lease agreement with the property owner for a facility located in Palmyra, New Jersey, USA. The property, situated at 203 Route 73 S, encompasses approximately 457,200 square feet of space. The board of directors believes that executing the lease agreement presents an opportunity for the group to expand its global logistics network and footprint. This move aligns with the company's overall strategic direction of becoming a leading global provider of AI-powered logistics technology services. The leased property will be utilized as a self-operated warehouse for the company's US operations.

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