Wharf Signs New Master Hotel Services Agreement with WREIC

Reuters

2025/11/28

Wharf Signs New Master Hotel Services Agreement with WREIC

The Wharf (Holdings) Ltd. announced the signing of a New Master Hotel Services Agreement with WREIC Group on 28 November 2025. Under this agreement, Wharf Group will continue to provide hotel-related services and management for a portfolio of hotels owned by WREIC Group in Hong Kong and Mainland China. The terms of the agreement, including the annual cap amounts for the years ending 31 December 2026, 2027, and 2028, were considered fair and reasonable by the boards of both companies. The transactions fall under continuing connected transactions and are subject to announcement, reporting, and annual review requirements, but are exempt from circular and independent shareholders' approval under the Listing Rules. No director of either company had a material interest in the agreement that required abstention from voting.

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. The Wharf (Holdings) Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251128-11931963), on November 28, 2025, and is solely responsible for the information contained therein.

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Under this agreement, Wharf Group will continue to provide hotel-related services and management for a portfolio of hotels owned by WREIC Group in Hong Kong and Mainland China. The terms of the agreement, including the annual cap amounts for the years ending 31 December 2026, 2027, and 2028, were considered fair and reasonable by the boards of both companies. The transactions fall under continuing connected transactions and are subject to announcement, reporting, and annual review requirements, but are exempt from circular and independent shareholders' approval under the Listing Rules. No director of either company had a material interest in the agreement that required abstention from voting.\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. 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ID: HKEX-EPS-20251128-11931963), on November 28, 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":"BK1534","symbol_name":"收租股","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251128:nNDL3zyp5P:1","article_id":"2586313207","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2586313207","pubTimestamp":1764320156,"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":"The Wharf  Ltd. announced the signing of a New Master Hotel Services Agreement with WREIC Group on 28 November 2025. Under this agreement, Wharf Group will continue to provide hotel-related services and management for a portfolio of hotels owned by WREIC Group in Hong Kong and Mainland China. The terms of the agreement, including the annual cap amounts for the years ending 31 December 2026, 2027, and 2028, were considered fair and reasonable by the boards of both companies. The transactions fall under continuing connected transactions and are subject to announcement, reporting, and annual review requirements, but are exempt from circular and independent shareholders' approval under the Listing Rules. 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