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RTNominal up3.950 +0.020 (+0.509%)

18/10/2021 14:43

RS Macalline (01528) to operate home furniture shopping mall

[ET Net News Agency, 18 October 2021] Red Star Macalline Group Corporation Ltd. (01528)
said the company entered into the Yangzhou Lease Contract with Yangzhou Xinglong. Pursuant
to the contract, Yangzhou Xinglong leased a commercial property located in Hanjiang
District, Yangzhou to the company for operating home furniture shopping mall with a lease
term of ten years commencing from the lease inception date.
The initial rental standard of the leased property is RMB15 million per annum (tax
inclusive). (RC)

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