Hao Tian International Construction Investment (HKG:1341) subsidiary Glory Century signed a three-year licensing agreement with Aceso Life Science (HKG:0474) subsidiary Hao Tian Management (Hong Kong) for the use of office rooms in Wanchai, Hong Kong.
Under the agreement, Hao Tian will pay a monthly license fee to Glory Century of about HK$229,000 for the first year, HK$234,000 for the second year, and HK$239,000 for the third year, according to a Monday filing with the Hong Kong Exchange.
Shares closed 6% lower during Tuesday's trading.
Price (HKD): $0.47, Change: $-0.030, Percent Change: -6.00%
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