Joystar Wuxi, a wholly-owned subsidiary of China Automotive Interior Decoration Holdings Ltd., has recently entered into a tenancy agreement for leasing premises in Chongqing, PRC. The agreement, signed with the state-owned Landlord, concerns an industrial complex located at Tianxing Avenue in the Shuangqiao Economic and Technological Development Zone. The transaction has been classified as a discloseable one, with applicable percentage ratios exceeding 5% but below 25%. Joystar Wuxi's strategic move is in line with the company's expansion efforts within the region.
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