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China Chengtong Development Group Limited ( (HK:0217) ) has provided an announcement.
China Chengtong Development Group Limited announced a major transaction involving a sale and leaseback arrangement through its subsidiary, Chengtong Financial Leasing. This transaction, which involves assets from a subsidiary of Sinosteel Group Co., Ltd., is significant due to its size, requiring shareholder approval under Hong Kong’s Listing Rules. The arrangement is part of a series of transactions linked to China Baowu, highlighting the company’s strategic partnerships and its role in facilitating financial operations for major industrial players.
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 sale and leaseback arrangements, which involve purchasing assets and leasing them back to the original owners, providing financial flexibility to its clients.
Technical Sentiment Signal: Buy
Current Market Cap: €65.27M
Find detailed analytics on 0217 stock on TipRanks’ Stock Analysis page.