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Miramar Hotel & Investment Co. Fails to Pass Acquisition Resolution
Miramar Hotel Signs Lease and Licence Agreement With Nation Star Development
MIRAMAR HOTEL (00071.HK) has signed a property lease agreement with Wynn Star Development.
On March 26, according to the announcement from Glonghui, MIRAMAR HOTEL (00071.HK) stated that on March 26, 2025, (i) Zhengxin (a wholly-owned subsidiary of the company) (as the owner) and Wynn Star Development (as the tenant) will enter into a lease agreement for the property and (ii) Zhengxin (as the grantor) and Wynn Star Development (as the grantee) will enter into a franchise agreement for the use of the property. According to the provisions of Chapter 14A of the listing rules, both agreements constitute a continuing connected transaction for the company.
Miramar Hotel's 2024 Profit Falls 24%
MIRAMAR HOTEL (00071.HK) expects a 12% increase in revenue in 2024 to 2.86 billion HKD.
MIRAMAR HOTEL (00071.HK) announced that for the year ending December 31, 2024, the group's revenue increased by 12% to HKD 2.8 billion 58.4 million; the basic earnings attributable to shareholders rose by 1.2% compared to last year to HKD 0.8 billion 30.5 million.
Miramar Hotel & Investment Reports 12% Revenue Growth Amidst Challenging Market Conditions
Miramar Hotel and Investment Company, Limited's (HKG:71) Share Price Could Signal Some Risk
