Hancheng Development Holdings Subsidiary to Lease Property in Vietnam

Stock News
Mar 13

Hancheng Development Holdings (00361) announced that on March 13, 2026, the lessee, Hio Pro (Vietnam) Sporting Goods Company Limited, an indirect wholly-owned subsidiary of the company, entered into an agreement with the lessor, Huashuo Vietnam Joint Stock Company. Under the agreement, the lessor has agreed to lease the properties to the lessee for a term of 12 years. The properties are located on Plot CN12, Nam Can Bridge Industrial Zone, Thien Huong Ward, Hai Phong City, Vietnam. The total leased area is preliminarily estimated to be 10,244 square meters, consisting of two independent single-story factory buildings under construction, each including office space. The properties will be leased for use as factories to manufacture sports and athletic equipment, particularly golf-related products, and to conduct other business and production activities based on operational requirements.

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