Tang Palace (China) Announces RMB14.2 Million Right-of-Use Asset Acquisition Through New Tenancy Agreement
Tang Palace (China) Holdings Ltd. announced that its subsidiary, Chengdu Well Excellent Tang Palace Catering Management Co., Ltd., has entered into a new tenancy agreement with Sichuan Shouzuo for the lease of certain premises. This transaction, recognized as an acquisition of right-of-use assets under HKFRS 16, is classified as a discloseable transaction under Hong Kong Stock Exchange rules, necessitating a public announcement but not requiring shareholder approval.
Tang Palace (China) Holdings Ltd. has announced that its wholly owned subsidiary, Chengdu Well Excellent Tang Palace Catering Management Co., Ltd., entered into a new tenancy agreement on September 30, 2025, with Sichuan Shouzuo for the lease of certain premises. The transaction, recognized as an acquisition of right-of-use assets under HKFRS 16, qualifies as a discloseable transaction under Hong Kong Stock Exchange rules, requiring public announcement but not shareholder approval. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tang Palace (China) Holdings Ltd. published the original content used to generate this news brief on September 30, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
