FUJIAN HOLDINGS (00181) has entered into a management rights leasing agreement with HK&S HOTELS for leasing the business rights of the FULAI XI hotel.
Minsheng Holdings (00181) announces that on October 21, 2025, the Company (as the lessee) entered into a...
FUJIAN HOLDINGS (00181) announced that on October 21, 2025, the company (as the lessee) entered into an operating rights lease agreement with Fujian Fulu (as the lessor) for the lease of the operating rights of Follis HK&S HOTELS. The term of the agreement will be from January 1, 2026 to December 31, 2030 (including the first and last day).
Xiamen HK&S HOTELS has been in operation since 1991, located in Siming District, Xiamen City, with a total construction area of 21,894 square meters and 248 rooms. The operating period of Xiamen HK&S HOTELS will expire on December 31, 2025, and in recent years, the financial performance of Xiamen HK&S HOTELS has declined, impacting the overall financial situation of the company. After careful consideration, the board of directors decided not to extend the operating period of Xiamen HK&S HOTELS and to enter into an operating rights lease agreement.
Follis HK&S HOTELS is located in Jinluan Bay Scenic Area, Dongshan County, Fujian Province. Follis HK&S HOTELS opened in 2023, offering modern and complete facilities to provide guests with a quality accommodation experience. The hotel has superior sea views and private villas, offering a variety of accommodation services and contributing to the profitability of the company's hotel operation business. Follis HK&S HOTELS offers 276 standard rooms and 52 luxurious suites. Additionally, Follis HK&S HOTELS provides facilities for events such as parties, meetings, wedding banquets, and other gatherings. Follis HK&S HOTELS is also located next to a public beach, with its prime location near the beach expected to attract customers.
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