New World Department Store Sets 2026 Connected Leasing and Services Frameworks
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New World Department Store China Limited (HK:0825) has announced new master leasing and services agreements for 2026 with its substantial shareholder, New World Development. These agreements replace the existing frameworks set to expire on June 30, 2026, and are subject to reporting and approval due to exceeding key thresholds. An extraordinary general meeting will be held for independent shareholders to vote, with heightened governance measures in place. The company operates department stores in mainland China and Hong Kong, focusing on leasing and related services within its group ecosystem.
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