MEDINET GROUP Subsidiary to Lease Hong Kong Property

Stock News
Apr 17

MEDINET GROUP (08161) announced that on April 17, 2026, its indirect subsidiary, Kang Chi (as the tenant), entered into a tenancy agreement with the property owner. The lease is for a term of three years, from May 1, 2026, to April 30, 2029, with a monthly rent of HKD 108,000. This amount excludes government rates, service and management fees, and other outgoings. The property in question is Room 2305, 23rd Floor, World Trade Centre, located at 280 Gloucester Road, Causeway Bay, Hong Kong. The premises will be used to operate a dental service center, which provides the Group's core dental services. The Directors believe that the World Trade Centre is one of Hong Kong's primary commercial hubs. Establishing a dental service center there is expected to not only positively impact the Group's reputation and market position but also help attract more patients to its dental centers.

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