Your-Mart Shares Terminates Two Leases as Fire Safety Dispute Leads to Court

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Your-Mart Shares has terminated two lease agreements with Hunan Longxiang Transportation Development Group and its associate company Hunan Youhesheng Commercial Management. The properties involved are the basement level one to level four operating areas of Changsha Apollo Commercial Plaza. The mall closed on 2 March 2025 to prepare for upgrades and renovations. Youhesheng took over the lease of these core properties from 1 April 2025, but after multiple rounds of unsuccessful negotiations over the fire safety renovation plan, the tenant did not actually start the renovation work, and the properties have remained vacant and idle. The company, Youhesheng, and Longxiang Group have significant disagreements over key rights and responsibilities, including rent payment, implementation of fire safety renovations, grounds for contract termination, and allocation of liability. The disputes under the two contracts will be resolved separately through civil litigation in the local people's court. In the first quarter of 2026, Your-Mart Shares recorded revenue of 208 million yuan and net profit attributable to the parent company of 42.39 million yuan.

Impact on assets 1

Others▼ · 1 stocks

Off-coverage companies 2

湖南友和胜商业管理Private▼ Negative
Regulationrelevance

Disagreement over fire safety renovation leads to lease termination and court dispute.

湖南龙骧交通发展集团Private▼ Negative
Regulationrelevance

Lease termination and litigation over fire safety responsibilities with Your-Mart Shares.

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