EDA GROUP HLDGS and its wholly-owned subsidiary have entered into a lease agreement with 400 Fairfield Road Owner, LLC regarding property leasing in New Jersey, USA
EDA GROUP HLDGS announcement, its wholly-owned subsidiary signed a real estate leasing agreement with 400 Fairfield Road Owner, LLC on August 28, 2024. The property is located in New Jersey, which will help the company expand its global logistics network and support its strategic development in the B2C e-commerce supply chain solution market. The property will be used as the company's self-operated warehouse in the United States
According to the news from Zhitong Finance and Economics APP, EDA GROUP HLDGS (02505) announced that on August 28, 2024 (U.S. time), the company's wholly-owned subsidiary, EDA International, Inc. (as the tenant), and the company (as the leasing guarantor) entered into a lease agreement with the landlord, 400 Fairfield Road Owner, LLC, for a property located in Howell, NJ 07782, the U.S.
The property includes all land, buildings, all other decorations, equipment, fixed facilities, and surrounding properties (if any), commonly known as the street address 400 Fairfield Road.
The board believes that entering into the lease agreement provides an opportunity for the group to expand its global logistics network and footprint, and aligns with the overall business direction of the group to gain more market share in the B2C export e-commerce supply chain solutions industry. The property under the lease agreement will be used as the company's self-operated warehouse in the U.S