Fuyao Glass Industry Group (HKG:3606) entered an agreement with Fujian Yaohua Industrial Village Development for the lease of properties in Fuyao Industrial Zone, China, a Thursday filing with the Hong Kong Exchange said.
The properties have a total leasing area of 158,323 square meters. The lease is for four years, from Jan. 1, 2025, to Dec. 31, 2028, and an annual rent of 36 million yuan has been set for the properties.
The company has been leasing the properties from Yaohua Industrial Village under their 2021 lease contract, which will expire on Dec. 31. To continue the lease of the properties which are adjacent to the company's principal place of business and its production base, the company entered into the new lease agreement.
The glass manufacturer's shares were up nearly 6% in recent trade.
Price (HKD): $56.10, Change: $+3.2, Percent Change: +6.05%
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