Xinji Shaxi Group Renews Headquarters Tenancy Agreement
Xinji Shaxi Group Co., Ltd. announced the renewal of its headquarters tenancy agreement with Guangzhou Shaxi Hotel, a subsidiary, entering a two-year lease with Guangzhou Real Estate. Effective from January 1, 2026, to December 31, 2027, the agreement involves a prepayment of RMB8,841,642. This transaction is classified as discloseable and connected under Hong Kong’s Listing Rules due to financial implications and connected persons involvement.
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Xinji Shaxi Group Co., Ltd. ( (HK:3603) ) just unveiled an announcement.
Xinji Shaxi Group Co., Ltd. announced the renewal of a tenancy agreement for its headquarters, with Guangzhou Shaxi Hotel, a subsidiary of the company, entering into a two-year lease with Guangzhou Real Estate. This agreement, effective from January 1, 2026, to December 31, 2027, involves a prepayment of RMB8,841,642. The transaction is classified as a discloseable and connected transaction under Hong Kong’s Listing Rules, requiring notification and announcement due to its financial implications and the involvement of connected persons.
The most recent analyst rating on (HK:3603) stock is a Hold with a HK$0.05 price target. To see the full list of analyst forecasts on Xinji Shaxi Group Co., Ltd. stock, see the HK:3603 Stock Forecast page.
More about Xinji Shaxi Group Co., Ltd.
Xinji Shaxi Group Co., Ltd. operates in the real estate and hospitality industry, focusing on providing hospitality supplies and managing real estate properties. The company is involved in leasing agreements for office and headquarters premises.
Average Trading Volume: 1,119,306
Technical Sentiment Signal: Buy
Current Market Cap: HK$76.14M
For an in-depth examination of 3603 stock, go to TipRanks’ Overview page.
