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Marvion subsidiary signs 12-year land lease to expand warehouse operations

Published 13/10/2025, 13:38
Marvion subsidiary signs 12-year land lease to expand warehouse operations
MVNC
57.14%

HONG KONG - Marvion Inc. (OTCQB:MVNC) announced Monday that its wholly owned subsidiary, United Warehouse Management Limited, has entered into a new 12-year land lease agreement with Kwan Tai Limited to expand its warehousing facilities. The expansion comes as the company faces financial challenges, with InvestingPro data showing significant debt obligations and a current ratio of 0.13, indicating potential liquidity constraints.

The agreement will allow United Warehouse Management to construct two additional medium-sized warehouses adjacent to its current facilities, according to a company press release. The expansion aims to increase storage capacity and enhance operational flexibility for a wider range of storage and logistics services. This strategic move follows strong revenue growth of 123% in the last twelve months, though InvestingPro analysis reveals the company is not yet profitable.

Marvion reported that its three existing warehouses are fully operational with steady occupancy and high client renewal rates. The company described the expansion as a milestone in its logistics strategy.

United Warehouse Management provides logistics and warehousing services in the Hong Kong market, offering transport and storage solutions to business clients.

The financial terms of the lease agreement with Kwan Tai Limited were not disclosed in the announcement.

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