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BRIEF-Victory Offices Says Timing Of Hong Kong Location Not Appropriate To Pursue At This Time

Published 02/10/2019, 06:46 pm
Updated 02/10/2019, 06:50 pm
© Reuters.  BRIEF-Victory Offices Says Timing Of Hong Kong Location Not Appropriate To Pursue At This Time

Oct 2 (Reuters) - Victory Offices Ltd VOL.AX :

* ANNOUNCES HONG KONG LICENCING ARRANGEMENT

* VICTORY OFFICES SAYS ENTERED INTO A LICENCING AGREEMENT TO ALLOW USE OF VOL'S BRAND FOR A SERVICED OFFICE AND COWORKING LOCATION IN HONG KONG

* ARRANGEMENT DOESN'T PRECLUDE VOL FROM A HONG KONG EXPANSION IN FUTURE

* VICTORY OFFICES SAYS TIMING OF HK LOCATION WAS NOT APPROPRIATE FOR CO TO PURSUE AT THIS TIME

* VICTORY OFFICES SAYS HK LOCATION WAS NOT APPROPRIATE TO PURSUE DUE TO CURRENT LEVELS OF VOL'S ROLLOUT AND DEVELOPMENT PROGRAM IN AUSTRALIA

* VICTORY OFFICES SAYS HONG KONG LOCATION HAS A HIGHER RISK PROFILE THAN OTHER AUSTRALIAN OPPORTUNITIES DUE TO CURRENT PERIOD OF POLITICAL INSTABILITY

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