AP Rentals Holdings (HKG:1496) subsidiary AP Rentals entered into a three-year lease agreement with TMK (Holdings), according to a Tuesday release.
The deal covers the lease of a yard located in Yuen Long, New Territories, Hong Kong from Jan. 1, 2025 to Dec. 31, 2027.
The quarterly rent was set at HK$680,000.
AP Rentals can renew the lease for another two years at a renewal quarterly rent between HK$680,000 and HK$748,000.
AP Rentals will use the yard for storing and maintaining its machines.
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