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Transtech Optelecom Renews Premises License Agreement

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Transtech Optelecom Science (HKG:9963) renewed a one-year license agreement to occupy its Hong Kong production premises with Futong Group International, a company owned by its controlling shareholder, according to a Tuesday Hong Kong bourse filing.

The renewed agreement covers premises at Tai Po Industrial Estate and runs from July 1, 2026, to June 30, 2027.

The license fee is set at HK$5.12 per square foot per month for about 161,997 square feet of space, with forecast license payments capped at HK$4.98 million for the second half of 2026 and the first half of 2027.

The company said relocating its production lines would incur substantial costs and disrupt operations, making it commercially preferable to renew the license.

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