Smart Globe Holdings Expands Operations with New Lease Agreement
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Smart Globe Holdings Ltd. has announced a lease agreement with Harmony Prosper Zambia through its subsidiary Tera Logistics, expanding operations by over 200% for nearly five years. The agreement includes a potential acquisition of buildings worth up to US$6 million, classified as a discloseable transaction. The latest analyst rating for Smart Globe Holdings (HK:1481) is a Hold with a price target of HK$1.00. The company operates in the logistics sector, focusing on regions near the Zambia and DRC border, with a current market cap of HK$1.25B.
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