-+ 0.00%
-+ 0.00%
-+ 0.00%

A subsidiary of Jenga Group (08187) enters into a lease agreement for a Hong Kong property

Zhitongcaijing·08/05/2026 13:25:06
Listen to the news

According to Zhitong Finance App News, Building Block Group (08187) announced that on August 3, 2026, Difeng Trading Co., Ltd. (as the owner) and Art Kingdom (as the tenant), an indirect wholly-owned subsidiary of the Company, entered into a lease agreement for a period of 35 months from August 1, 2026 to June 30, 2029 (including the first and last two days) to be used as one of the Group's general retail stores.

The property is located on the 1st floor of Shop 1D (storage room) on the ground floor of Cheong Fu Building, No. 2, 2A-2C, 4, 4A and 6, Kuai Fu Street, Kowloon, Hong Kong, and on the 1st floor of Cheong Fu Building, 2-6 Fast Fu Street. The total value of rent payable by Art Kingdom under the tenancy agreement is HK$1.76 million, representing a monthly rent of HK$55,000

The Group's main business is trading footwear and sports-related peripheral products through retail stores in Hong Kong. Due to the nature of its retail business, the Group plans to enter into leasing agreements for rental retail stores from time to time. Every retail store, especially large stores similar to this property, helps and maintains the Group's operating scale, thereby helping the Group expand its store network and market share.