Transtech Optelecom Science Renews Hong Kong Premises Lease
MT Newswires Live07-04
Transtech Optelecom Science (HKG:9963) renewed an agreement to continue leasing premises in New Territories, Hong Kong, from Futong Group International for one year ending June 30, 2026, a Friday Hong Kong bourse filing said.
The original agreement expired June 30, according to the optical fiber cable manufacturer.
The renewal came as a relocation of the company's production lines from the premises would've resulted in substantial costs and a disruption in production.
Futong Group International is wholly owned by Wang Jianyi, a controlling shareholder of Transtech Optelecom Science.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
