IWS Promotion Proposes Zero-Cost Lease Surrender to HKSTP

Reuters

2025/07/18

IWS Promotion Proposes Zero-Cost Lease Surrender to HKSTP

Integrated Waste Solutions Group Holdings Limited's subsidiary, IWS Promotion, is set to surrender its lease agreement with the Hong Kong Science and Technology Parks Corporation (HKSTP) at no cost. The decision was made to prevent potential negative impacts on the Group and to avoid any enforcement actions by HKSTP. The premises, located in Tseung Kwan O Industrial Estate, include a 4-storey industrial building serving as a comprehensive waste recovery center. This facility has been integral to the subsidiary's operations, including trading recovered paper and materials, providing confidential materials destruction services, manufacturing recycling plastic pellets, and offering logistics services in Hong Kong. The Board of Directors considers the terms of the agreement fair and reasonable, aligning with the company's interests.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Integrated Waste Solutions Group Holdings Ltd. published the original content used to generate this news brief on July 18, 2025, and is solely responsible for the information contained therein.

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The decision was made to prevent potential negative impacts on the Group and to avoid any enforcement actions by HKSTP. The premises, located in Tseung Kwan O Industrial Estate, include a 4-storey industrial building serving as a comprehensive waste recovery center. This facility has been integral to the subsidiary's operations, including trading recovered paper and materials, providing confidential materials destruction services, manufacturing recycling plastic pellets, and offering logistics services in Hong Kong. The Board of Directors considers the terms of the agreement fair and reasonable, aligning with the company's interests.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Integrated Waste Solutions Group Holdings Ltd. published the original content used to generate this news brief on July 18, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00923","symbol_name":"綜合環保集團","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250718:nNDL8GHgPr:1","article_id":"2552260466","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2552260466","pubTimestamp":1752831957,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Integrated Waste Solutions Group Holdings Limited's subsidiary, IWS Promotion, is set to surrender its lease agreement with the Hong Kong Science and Technology Parks Corporation  at no cost. The decision was made to prevent potential negative impacts on the Group and to avoid any enforcement actions by HKSTP. The premises, located in Tseung Kwan O Industrial Estate, include a 4-storey industrial building serving as a comprehensive waste recovery center. This facility has been integral to the subsidiary's operations, including trading recovered paper and materials, providing confidential materials destruction services, manufacturing recycling plastic pellets, and offering logistics services in Hong Kong. The Board of Directors considers the terms of the agreement fair and reasonable, aligning with the company's interests.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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This facility has been integral to the subsidiary's operations, including trading recovered paper and materials, providing confidential materials destruction services, manufacturing recycling plastic pellets, and offering logistics services in Hong Kong. The Board of Directors considers the terms of the agreement fair and reasonable, aligning with the company's interests.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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