China Chengtong Development Group Limited (HK:0217) has released an update.
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China Chengtong Development Group Limited has announced a major transaction involving a sale and leaseback arrangement with its subsidiary, Chengtong Financial Leasing, on 28 June 2024. This arrangement is considered significant as it exceeds certain percentage ratios set by the Listing Rules and requires shareholder approval, which has been obtained from China Chengtong Hong Kong Company Limited, the controlling shareholder. A detailed circular will be sent to shareholders by 22 July 2024, outlining the specifics of the agreement.
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