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The latest update is out from China Chengtong Development Group Limited ( (HK:0217) ).
China Chengtong Development Group Limited announced a major sale and leaseback transaction through its subsidiary, Chengtong Financial Leasing, involving the purchase and subsequent leaseback of assets from a lessee. This transaction, which exceeds 25% of the applicable percentage ratio, has been approved by the controlling shareholder, eliminating the need for a general meeting. The arrangement is expected to strengthen the company’s financial operations and market positioning.
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 operates in the financial leasing industry, focusing on sale and leaseback arrangements through its subsidiary, Chengtong Financial Leasing.
YTD Price Performance: 12.96%
Average Trading Volume: 2,535,982
Technical Sentiment Signal: Sell
Current Market Cap: HK$714.3M
For an in-depth examination of 0217 stock, go to TipRanks’ Overview page.