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China Chengtong Development Group Limited ( (HK:0217) ) has issued an update.
China Chengtong Development Group Limited announced a major transaction involving its subsidiary, Chengtong Financial Leasing, which entered into a Leased Assets Transfer Arrangement with a lessee. This arrangement involves purchasing leased assets for RMB300 million and leasing them back to the lessee for two years. The transaction is classified as a major transaction under the Listing Rules, requiring shareholder approval, which has been obtained from the controlling shareholder, negating the need for a general meeting. This move is expected to enhance the company’s financial leasing operations and strengthen its market position.
More about China Chengtong Development Group Limited
China Chengtong Development Group Limited operates in the financial leasing industry, primarily through its subsidiary, Chengtong Financial Leasing. The company focuses on leasing arrangements and transactions, which are a significant part of its business operations.
YTD Price Performance: 0.93%
Average Trading Volume: 2,578,598
Technical Sentiment Signal: Buy
Current Market Cap: HK$702.4M
See more data about 0217 stock on TipRanks’ Stock Analysis page.