World-Link Logistics (Asia) Holding Limited announced that its wholly owned subsidiary, World-Link Roadway System Company Limited, has executed offer letters on 20 May 2026 to renew three existing tenancy agreements for space in Allied Cargo Centre, Tsuen Wan.
The two-year term will run from 1 July 2026 to 30 June 2028 and covers: • Portion of G/F, 2-6/F and four lorry parking spaces • 14-19/F, 21-22/F and 24/F • 23/F
Aggregate rent totals approximately HK$71.85 million, translating to an average monthly payment of about HK$2.99 million, payable in advance. A rental deposit of roughly HK$6.15 million is required, while stamp duty will be shared equally with the landlord, San Pack Properties Limited, a wholly owned subsidiary of Allied Group Limited.
Under HKFRS 16, the leases give rise to a right-of-use asset valued at about HK$68 million, leading the Hong Kong-listed company to classify the transaction as an asset acquisition. Because one applicable percentage ratio exceeds 5 % but is below 25 %, the deal is deemed a discloseable transaction under Chapter 14 of the Listing Rules, requiring public disclosure but not shareholder approval.
Management stated that the premises have housed the group’s logistics centre and offices for more than 20 years; renewal ensures uninterrupted operations and terms were reached on normal commercial conditions aligned with prevailing market rents.
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