BAR PACIFIC (08432) Subsidiary Leases Property in Hong Kong

Stock News

Nov 19, 2025

BAR PACIFIC (08432) announced that on November 18, 2025, BAR PACIFIC (21st Branch) International Limited (a subsidiary of the company, as the tenant) entered into a lease agreement with the landlord, Jade Land Resources, for a property. The fixed lease term is two years, retroactively effective from January 1, 2025, to December 31, 2026 (both dates inclusive).

The rent consists of a base rent of HKD 86,600 per month plus an additional rent determined based on 13% of the tenant's monthly gross revenue generated from the business operated at the premises, provided it exceeds the base rent. The property is located at Shop B02, G/F & B/1 Floor, Tseung Kwan O Centre, 9 Tong Tak Street, Tseung Kwan O.

The directors considered the property strategically advantageous for the group's expansion of its bar and catering business in Hong Kong. The terms of the lease agreement were reached through fair negotiations, with the agreed rent reflecting the prevailing market rates for comparable properties in the vicinity.

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