EDA Group Holdings (02505) announced that on August 28, 2024 (US time), the company's wholly-owned subsidiary EDA International, Inc. (as tenant) and the company (as lease guarantor) have entered into a lease agreement with the property owner, 400 Fairfield Road Owner, LLC, located in New Jersey, USA.
EDA Group Holdings (02505) announced that on August 28, 2024 (US time), the company's wholly-owned subsidiary EDA International, Inc. (as tenant) and the company (as lease guarantor) have entered into a lease agreement with the property owner, 400 Fairfield Road Owner, LLC, located in New Jersey, USA.
The property includes all land, buildings, all other decorations, equipment, fixtures, and surrounding properties (if any), commonly referred to as the street address: 400 Fairfield Road, Howell, NJ 07782, the USA.
The board of directors believes that entering into the lease agreement provides an opportunity for the Group to expand its global logistics network and footprint, and is in line with the overall business development direction of the Group to gain a larger market share in the industry of B2C export e-commerce supply chain solutions. The property under the lease agreement will be used as the company's self-operated warehouse in the USA.