CHINLINK INTL (00997.HK): Leases Shui On Centre Office for 35 Months
- The landlord is Shui On Centre Company Limited, mainly engaged in property leasing, and its ultimate beneficial owners are independent third parties.
- Monthly rent is HKD 90,000, excluding rates, management fees, air-conditioning and other outgoings, payable in advance on the first day of each calendar month; a cash deposit of about HKD 358,000 is payable, funded from internal resources.
NewTimeSpace News: On 22 September 2026, Chinlink International Holdings Limited (stock code: 00997.HK) announced that, as lessee, it entered into a lease agreement on 17 August 2026 with Shui On Centre Company Limited for Rooms 3216-3218, 32nd Floor, Shui On Centre, Wan Chai, Hong Kong, about 2,500 sq ft, as its Hong Kong office. The lease runs from 1 October 2026 to 31 August 2029, 35 months, with a three-month rent-free period. Monthly rent is HKD 90,000, excluding rates, management and other outgoings, payable in advance. Total consideration over the term is estimated at about HKD 2.9 million, plus a deposit of about HKD 358,000, funded from internal resources.
Under HKFRS 16 a right-of-use asset of about HKD 2.5 million will be recognised. The highest applicable percentage ratio, above 5% but below 25%, makes it a discloseable transaction subject to notification and announcement but exempt from shareholders' approval. The Group plans to use the premises as its Hong Kong HQ.
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