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China Chengtong Development Group Limited ( (HK:0217) ) has shared an update.
China Chengtong Development Group Limited announced a major transaction involving a Sale and Leaseback Arrangement through its subsidiary, Chengtong Financial Leasing. This arrangement, valued at RMB200 million, entails the purchase and subsequent leaseback of assets to the lessee, with a lease term of three years. The transaction aligns with the company’s focus on financial leasing services and adheres to Hong Kong Stock Exchange regulatory requirements. Written shareholder approval has been secured, and no general meeting will be required. The initiative is expected to solidify the company’s financial operations and its strategic positioning within the leasing industry, benefiting stakeholders and ensuring compliance with listing rules.
The most recent analyst rating on (HK:0217) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on China Chengtong Development Group Limited stock, see the HK:0217 Stock Forecast page.
More about China Chengtong Development Group Limited
China Chengtong Development Group Limited, incorporated in Hong Kong, focuses on financial leasing services through its subsidiary Chengtong Financial Leasing. The company operates primarily in structured financial arrangements, facilitating asset-backed leasing solutions for diverse industries.
YTD Price Performance: 12.04%
Average Trading Volume: 2,371,849
Technical Sentiment Signal: Sell
Current Market Cap: HK$720.3M
See more insights into 0217 stock on TipRanks’ Stock Analysis page.