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

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

• 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