Guomao Holdings (08428.HK) announced that Maoli, an indirect wholly-owned subsidiary of the Group, is leasing a new restaurant from SHKP to Shop 103A, 1 / F, Mikiki Shop, 638 Prince Edward Road East, San Po Kong, Kowloon for a period of three years from 1 March next year to 28 February 2025. The total amount payable under the lease is about 2.9 million yuan, subject to the payment of additional turnover rent.
The new restaurant will operate a Korean barbecue and hot pot restaurant under the brand name "Yi Han Shao".