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Scorching Dragon unit leases Hong Kong shop, recognizes HK$ 2.4 million right-of-use asset

PUBT·07/30/2026 12:23:50
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Scorching Dragon unit leases Hong Kong shop, recognizes HK$ 2.4 million right-of-use asset
  • Scorching Dragon terminated a previously announced two-year lease proposal for a Kowloon retail site.
  • New 18-month lease starts Aug. 1, 2026, for Shop B at Laws Commercial Plaza, 788 Cheung Sha Wan Road.
  • Monthly basic rent HK$150,000, with 45 days rent-free; turnover rent set at 12% above HK$1 million monthly takings.
  • Right-of-use asset to be recognized at about HK$2.4 million, classifying the deal as a disclosable transaction.
  • Security deposit HK$600,000; prior HK$150,000 deposit rolled into the new lease deposit.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Scorching Dragon Holdings Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260730-12262802), on July 30, 2026, and is solely responsible for the information contained therein.