The Calmer Co International (ASX:CCO) negotiated an expanded lease agreement for its Navua manufacturing facility in Fiji, securing a three-year term with an option to extend until 2031, according to a Friday Australian bourse filing.
The agreement will begin on Sept. 1 and will give access to over 2,000 square meters of operational space through a staged handover.
Capital initially allocated for acquiring the facility will now be redirected to accelerate growth initiatives, per the filing.
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