Maoyan Signs Nine-Year Connected-Party Office Lease in Beijing
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Maoyan Entertainment's subsidiary, Beijing Maoyan Weying, has signed a nine-year office lease with Beijing Yulin, a unit of Enlight Media, for 9,739.05 square meters in Chaoyang District, Beijing. The lease runs from April 21, 2026, to April 20, 2035, and is classified as a connected transaction due to its association with major shareholder Wang Changtian. This triggers reporting requirements but does not require independent shareholder approval. The latest analyst rating for Maoyan stock (HK:1896) is a Buy with a price target of HK$7.40.
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