Central Holding Group Co. Ltd. (HK:1735) has released an update.
Central New Energy Holding Group Ltd. has entered into significant equipment lease agreements for photovoltaic battery production equipment with the same lessor, which will be recognized as right-of-use assets and are classified as a major transaction requiring shareholder approval. The deals exceed the 25% threshold of applicable percentage ratios but remain below 100%, hence shareholder notification and approval procedures are mandated. Central Culture Resource Group Ltd. has already provided written approval, exempting the need for a general shareholder meeting.
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