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China Agri-Products Exchange Limited ( (HK:0149) ) has provided an update.
China Agri-Products Exchange Limited (CAP) and Wang On Group Limited (WOG) have announced a major transaction involving a sale and leaseback arrangement with Haier, concerning leased assets valued at RMB71.4 million. This transaction is significant under the Hong Kong Stock Exchange’s Listing Rules, requiring shareholder approval and additional disclosures. The arrangement is seen as a strategic move to optimize asset management and financial structuring for both companies, potentially impacting their market positioning and stakeholder interests.
More about China Agri-Products Exchange Limited
China Agri-Products Exchange Limited operates in the agricultural industry, focusing on the exchange and trading of agricultural products. The company is involved in the management and operation of agricultural wholesale markets in China.
YTD Price Performance: 16.67%
Average Trading Volume: 6,931,059
Technical Sentiment Signal: Hold
Current Market Cap: HK$418M
Learn more about 0149 stock on TipRanks’ Stock Analysis page.