Summary by Futu AI
AMBO HOLDINGS ANNOUNCED ON 31 MAY 2024 THAT ITS SUBSIDIARY, MACAU ENTERTAINMENT, HAS ENTERED INTO A NEW LEASE AGREEMENT WITH MACAU RELIC FOR THE RETURN BUILDING FOR A PERIOD OF THREE YEARS FROM 1 APRIL 2024 TO 31 MARCH 2027. The lease agreement enables ABO Holdings to continue to operate the Coolai Cube Casino and related hotel and restaurant facilities. The monthly rent under the lease agreement increases from HK$350 million to HK$450 million annually, and AMAC Entertainment has the right to choose to extend the lease for no more than three years within six months prior to the lease expiry. The transaction is considered to be a connected transaction, as Macau Return is owned by Ms. Leung, Director of AMBO Holdings, about 97%. Under the Listing...Show More