EDA Group Holdings Limited has signed a 130-month lease for a 457,159 sq ft warehouse at 203 Route 73 S, Palmyra, New Jersey. The agreement, dated 6 March 2026, classifies as a major transaction under Hong Kong Listing Rule 14 due to a right-of-use asset valued at approximately US$45.50 million (RMB314.00 million) to be recorded under HKFRS 16.
Base rent totals roughly US$62.80 million (RMB433.80 million) over the term, beginning at US$0.96 per sq ft per month and rising by an average 3.5 % annually. Rent is conditionally abated in months 10–12, 23–26 and 128–130. In addition, the tenant—wholly owned subsidiary EDA Cloud International, Inc.—will pay 65.08 % of property operating costs, utilities, taxes and insurance as Additional Rent. A security deposit of about US$1.60 million (RMB11.00 million) has been lodged.
EDA International Inc. and the listed parent will provide an unconditional lease guarantee. Management expects first-year incremental depreciation of US$3.10 million (RMB21.70 million) and finance costs of US$1.90 million (RMB13.40 million).
The lease strengthens EDA Group’s self-operated US logistics network, supporting its strategy of serving China’s B2C export e-commerce sector.
Shareholder approval requirements were satisfied by written consents from controlling shareholders EDA Shine International Limited and Samanea China Holdings Limited, which collectively hold 57.9 % of issued shares; no general meeting is required.
As of 28 February 2026, group indebtedness stood at RMB1.52 billion, comprising RMB373 million in bank borrowings and RMB1.15 billion in lease liabilities. Directors confirm adequate working capital for at least the next 12 months.
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