Shengnuo Group (01418) issued an announcement. On April 10, 2024, the company's indirect wholly-owned subsidiary, Sin...
According to Zhitong Finance App, Sinomax Group (01418) announced that on April 10, 2024, Sinomax Vietnam HP, an indirect wholly-owned subsidiary of the company, signed a factory lease agreement with Hoang Long (as the owner). Hoang Long has agreed to lease such properties to Sinomax Vietnam HP for a period of five years from the effective date, that is, from April 1, 2024 to March 31, 2029. The total monthly rent for these properties (excluding VAT, management fees and utilities) is approximately US$40,400 in the first year of the term, US$42,400 in the second year, US$44,500 in the third year, US$46,700 in the fourth year and US$49,000 in the fifth year of the term.
According to reports, these properties are ready-made factories and supporting facilities located on the construction site, including a factory covering an area of 13,455 square meters; as well as doorman rooms and sanitation projects.