Tasty Concepts Announces HK$3.8 Million Tenancy Agreement as Discloseable Transaction
Reuters
Sep 30
Tasty Concepts Announces HK$3.8 Million Tenancy Agreement as Discloseable Transaction
Tasty Concepts Holding Ltd. announced that its subsidiary, Butao International Limited, has entered into a tenancy agreement with Good Trader Limited for the lease of a property. The unaudited value of the right-of-use assets recognized under the agreement is approximately HK$3.8 million. As the size of the transaction falls between 5% and 25% of the applicable percentage ratios under the GEM Listing Rules, it is classified as a discloseable transaction and is subject to reporting and announcement requirements but does not require a circular or shareholders' approval.
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