Brief: Shoucheng Says Discloseable Transaction Operating Rights Transfer Agreement

Shoucheng Holdings

27/12/2023 24:39

Dec 27 (Reuters) - Shoucheng Holdings  0697.HK :
    * DISCLOSEABLE TRANSACTION OPERATING RIGHTS TRANSFER
AGREEMENT
    * UNIT AND BAIYUN AIRPORT LTD ENTERED INTO OPERATING RIGHTS
TRANSFER AGREEMENT
    * TRANSFER OF OPERATING RIGHTS TAKES EFFECT, FOR INITIAL
ESTIMATED
VALUE OF HK$597.4 MILLION
    * IN DEAL, TO RECOGNIZE RIGHT-OF-USE ASSET IN ITS
CONSOLIDATED
FINANCIAL STATEMENTS FROM FINANCIAL YEAR BEGINNING 1 JANUARY
2024
    * DEAL SPECIFIES PROJECT CO HAS OPERATING RIGHTS OF
DESIGNATED
AREAS WITHIN PARKING BUILDINGS OF GUANGZHOU BAIYUN INTERNATIONAL
AIRPORT

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