AEON Stores Unit Leases Shop Units in China

AEON Stores (Hong Kong) (HKG:0984) unit AEON (Guangdong) agreed to lease various shops in Yifa Commercial Centre in Guangdong Province, China, according to a Friday Hong Kong bourse filing. The company will lease the premises for 10 years starting Oct. 31 under an agreement with landlord Guangzhou City Yisheng Commercial Investment and property owner Guangzhou City Yingtai Properties. AEON (Guangdong) will use the premises to operate its retail business, the department store operator said.