Zhitong Financial APP News, Chuneng Holdings (08430) issued an announcement that on June 16, 2022, CA Transportation, a wholly owned subsidiary of the company, has signed a license agreement for leasing land for a term from June 10, 2022 to June 9, 2025 (both dates inclusive).
It is reported that the land is located in JR6221, MK07-4690C, Benoi Sector, Singapore. Under the tenancy arrangement, the total rent payable by CA Transportation to the landlord during the lease term is about S $1.8 million.
The land will be occupied by the Group for its container distribution business and the Directors are of the view that the land will be sufficient to meet the Group's business needs and promote future business expansion and growth.