Apparel stock IT (0999) has previously announced a loss in the first quarter of the current fiscal year ending at the end of May this year. The company issued a supplement to the profit warning and expected to record a loss of no less than 100 million yuan during the period.
The company also pointed out that the board of directors reminds shareholders and potential investors that impairment assessments such as goodwill, properties, furniture and equipment and right-of-use assets have not yet been carried out, and as of the end of May this year Management accounts have not been reviewed and audited by auditors.
IT closed at 1 yuan , no change, turnover 286,000 yuan
The 20% off discount that just ended at the end of August, many friends expressed their excitement .
The monthly rent for a single store is as high as 1.4 million Hong Kong dollars
According to records filed in the District Court, in May this year Since September 14th, I.T APPARELS LIMITED, which is 60% owned by businessman Shen Jiawei, has been sued for rent by Hang Lung Properties a total of 24 times. Among them, 23 cases involved Hang Lung Properties’ multiple shops located at Nos. 51 and 53 Paterson Street, Causeway Bay, FASHION WALK Shoppes at No. 2 Kingston Street, and shops on the first floor of Hollywood Commercial Center in Mong Kok. Records show that each time Hang Lung lodges a claim, it recovers one month’s rent, ranging from 350,000 to 1.4 million.
The shops in Causeway Bay Famous Stores are brand-name specialty stores represented by I.T Group such as COMME DES GARCONS, McQ, ZUCCa, etc., with monthly rents ranging from 340,000 to 740,000. The Hollywood Commercial Center in Mong Kok is a branch of i.t. According to the filing information, the monthly rent is as high as 1.4 million.
Hang Lung Properties: Will continue to discuss I.T No reply
The owner of FASHION WALK is Hang Lung Properties. Its spokesman responded that in addition to providing rent concessions to I.T Group, it will continue to discuss with them. with a view to reaching a solution. The Group also stated that it understands that various industries have been severely hit by the COVID-19 epidemic, so it has extended or provided rent concessions to different tenants, and has been keeping in contact with the tenants to understand their operating conditions and provide appropriate arrangements.
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