Giordano Signs Long-Term Connected Lease for New Hong Kong Offices
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Giordano International has announced a long-term lease for new office premises in Cheung Sha Wan, Kowloon, covering approximately 21,441 square feet from March 9, 2026, to February 29, 2032. The deal, involving a tenancy deposit of HK$2.0 million, is classified as a connected transaction due to the landlord's association with a substantial shareholder. This arrangement is routine under Hong Kong listing rules, enhancing transparency for investors. The latest analyst rating for Giordano's stock (HK:0709) is a Hold with a price target of HK$1.50.
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