USPACE Technology's Units Face Summons Over Alleged Non-Payment of Rent

MT NewswiresDec 16 14:18

USPACE TECH (01725.HK) is being sued by Hong Kong Science Park, claiming 47.4 million HKD.

USPACE TECH (01725.HK) announced that on December 9, three subsidiaries received a summons from the Hong Kong Science and Technology Parks Corporation (the plaintiff) along with a claim endorsement. The claim involves several properties leased by the three subsidiaries located at 5 Jun Chong Street, Tseung Kwan O Industrial Estate Data Technology Centre and Tseung Kwan O Industrial Estate Advanced Manufacturing Centre, claiming rights to vacant possession and unpaid rent, management fees, and total expenditures of approximately 47.4 million yuan, along with accrued interest and other damages claimed for breaches of the lease agreements. The company is currently seeking legal advice regarding this litigation. It is expected that this litigation will not impact the group's daily operations or financial condition.

AASTOCKSDec 15 23:33

USPACE TECH (01725): Three subsidiaries have been sued by the Hong Kong Science and Technology Parks Corporation.

USPACE TECH (01725) released an announcement that three subsidiaries of the group (namely Aerospace Satellite Technology Co., Ltd. (...)

Zhitong FinanceDec 13 22:27

uspace tech (1725.HK) won the "Golden Globe Award for Outstanding High-End Manufacturing Enterprise of the Year."

December 6th, Gelonhui | The 9th Global Investment Carnival 2025 continues to be held today at the Shangri-La Hotel in Nanshan, Shenzhen. In today's Gelonhui 'Golden Award' annual excellent company selection, Uspace Tech (1725.HK) won the 'Annual Excellent High-End Manufacturing Enterprise' award.

Gelonghui FinanceDec 6 13:28

U-space tech plans to sell 100% equity of Hengchangsheng Technology in Huizhou City for 27.1 million yuan.

Uspace Tech (01725) announced that on November 22, 2024, the company's wholly-owned subsidiary, Huizhou Hongshengchang Technology Co., Ltd., intends to sell 100% equity of Huizhou Hengchangsheng Technology Co., Ltd. to Huizhou Longming Technology Co., Ltd. for 27.1 million yuan. The main business of the target company is property holding, with its main assets being the target property. The target property is located at No. 11, Qingli Er Road, Shuikou Street, Huicheng District, Huizhou City, Guangdong Province, China. The target property consists of 4 buildings, including a 7-story production workshop, a 9-story dormitory, and two single-story guardhouses, with a total construction area of approximately 45,255 square meters.

Sina Hong Kong stocksNov 25 07:26

Usape tech (01725.HK) sold its Huizhou property, realizing 27.1 million yuan.

Uspace Tech (01725.HK) announced the sale of the group's self-owned production base in the EMS business in Huizhou, Guangdong province to an independent third party, involving a total construction area of approximately 45,255 square meters, for a cash consideration of 27.1 million RMB. The estimated loss from the sale is approximately 13.6 million RMB.

AASTOCKSNov 24 19:51