EDA Group Holdings Ltd. has announced a discloseable transaction involving a new lease agreement for premises located in Telford, Shropshire, UK. The agreement, executed on May 21, 2025, involves EDA Cloud UK Limited, a wholly owned subsidiary of the company, as the tenant and CEDARWAY LIMITED as the landlord. The premises, approximately 169,000 square feet, will be used for warehouse storage, distribution, and office purposes. The transaction, which involves a percentage ratio exceeding 5% but less than 25%, is subject to notification and announcement requirements under the Hong Kong Stock Exchange Listing Rules but does not require shareholder approval.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.