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Changmao Biochemical Engineering Co. Ltd. Class H ( (HK:0954) ) just unveiled an announcement.
Changmao Biochemical Engineering Company Limited, through its subsidiary Changmao Dalian, has entered into a Sale and Leaseback Agreement with a lessor, transferring leased assets for approximately RMB50,000,000 and leasing them back for 48 months at a total rent of approximately RMB57,531,114. This transaction is classified as a major transaction under the Listing Rules, and it has received approval from a closely allied group of shareholders holding over 50% of the voting rights, bypassing the need for a general meeting.
More about Changmao Biochemical Engineering Co. Ltd. Class H
YTD Price Performance: -27.50%
Average Trading Volume: 577,142
Technical Sentiment Signal: Sell
Current Market Cap: HK$153.6M
For detailed information about 0954 stock, go to TipRanks’ Stock Analysis page.