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confidence high
sentiment neutral
materiality 0.50
Marvion subsidiary signs 2-year warehouse storage deal; HKD 235k monthly fee
Marvion Inc.
- Monthly fee HKD 235,000 (~USD 30,128) for 17,000 sq ft at Lot 1298 in D.D. 119, Hong Kong.
- Term from April 1, 2025 to March 31, 2027, with automatic 1-year renewal if not terminated.
- Security deposit of HKD 470,000 (2 months' rent); first 15 days rent-free at HKD 117,500.
- Contract with Kwai Bon Transportation Limited; UWML is Marvion's wholly owned subsidiary.