3DG Holdings' Australian Subsidiary to Lease Commercial Property in Sydney

Stock News
Mar 26

3DG HOLDINGS (02882) announced that its Australian subsidiary, as the tenant, along with the guarantor Luk Fook Jewellery And Goldsmith (Australia) Pty Ltd, has agreed on the terms of a lease agreement with the property owner Parliv Pty Limited. The lease term is set for five years, from June 29, 2026, to June 28, 2031. The property is located at Shop 10G, Sydney Central Plaza, 450 George Street, Sydney, New South Wales, Australia, with the postal code 2000. The terms of the lease agreement were negotiated between the owner and the tenant on an arm's length basis, with the rental price determined by reference to the open market rates for comparable properties in terms of size, location, facilities, and usage. The company's directors consider the terms of the lease agreement to be fair and reasonable. The transaction is conducted in the ordinary course of business under normal commercial terms and is in the overall interests of the company and its shareholders.

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