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Luk Fook Holding announces profit growth of about 30-40% year-on-year, expected to have a surplus of over 1.7 billion Hong Kong dollars within the year.
Luk Fook Holdings (00590) announced that due to the continued improvement in retail sentiment, as well as the one-time valuation gain of approximately HKD 200 million recorded after the acquisition of HKRH, the group expects its annual net profit for the year ending March 31, 2024 to exceed HKD 1.7 billion, an increase of about 30% to 40% compared to the same period last year.
HKRH's subsidiary has entered into a lease agreement for Hong Kong and Macau properties.
Hong Kong Resources Holdings (02882) announced that on November 1, 2023, Jinzhizun (an indirectly affiliated company) (as a tenant) and Shangde Limited (as the landlord) signed a Hong Kong lease agreement for Hong Kong properties, with a monthly rent of HKD 380,000. The lease will be for a period of three years from January 1, 2024 to December 31, 2026 (including the first and last day); and on December 13, 2023, Jinao (as an indirectly affiliated company) (as a tenant) and Squash International Limited (as the landlord) signed a Macau lease agreement for Macau properties.
hkrh (02882.HK) subsidiary has entered into a Hong Kong tenancy agreement for Hong Kong properties.
On June 21st, Greyoom announced that the board of directors of HKRH (02882.HK) announced (i) the signing of a Hong Kong lease agreement between Gold Supreme (as an indirect subsidiary of the company) and Shangde Co., Ltd. (as the owner) on Hong Kong real estate, with a monthly rent of HKD 380,000, for a period of three years from January 1, 2024 to December 31, 2026 (including first and last day), and (ii) on December 13, 2023, Gold Australia (as an indirect subsidiary of the company) and Squash International.
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