Smart Globe Holdings Expands Operations with New Lease Agreement
Smart Globe Holdings Ltd. has announced a lease agreement with Harmony Prosper Zambia through its subsidiary Tera Logistics, expanding operations by over 200% for nearly five years. The agreement includes a potential acquisition of buildings worth up to US$6 million, classified as a discloseable transaction. The latest analyst rating for Smart Globe Holdings (HK:1481) is a Hold with a price target of HK$1.00. The company operates in the logistics sector, focusing on regions near the Zambia and DRC border, with a current market cap of HK$1.25B.
Smart Globe Holdings Ltd. ( (HK:1481) ) has shared an announcement.
Smart Globe Holdings Ltd., through its subsidiary Tera Logistics, has entered into a lease agreement with Harmony Prosper Zambia for a term of nearly five years. This agreement marks a significant expansion in the company’s operations, increasing its scale by over 200% in terms of lease arrangements. The agreement also includes a contingent obligation for Tera Logistics to potentially acquire buildings constructed by the lessee, with a maximum cost of US$6 million. This potential acquisition is classified as a discloseable transaction under the Listing Rules, requiring notification and announcement but not shareholder approval.
The most recent analyst rating on (HK:1481) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Smart Globe Holdings Ltd. stock, see the HK:1481 Stock Forecast page.
More about Smart Globe Holdings Ltd.
Smart Globe Holdings Ltd. operates in the logistics industry through its subsidiary, Tera Logistics. The company focuses on providing logistics solutions and services, with a market emphasis on regions near the Zambia and DRC border.
Average Trading Volume: 481,417
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.25B
Find detailed analytics on 1481 stock on TipRanks’ Stock Analysis page.
