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China Chengtong Development Group Limited ( (HK:0217) ) has shared an announcement.
China Chengtong Development Group Limited announced a discloseable transaction involving a sale and leaseback arrangement through its subsidiary, Chengtong Financial Leasing. The transaction, valued at RMB200 million, involves purchasing and leasing back solar power generation equipment from two co-lessees for a three-year term. This arrangement, exceeding a 5% applicable percentage ratio, requires notification and announcement under Hong Kong’s Listing Rules, highlighting the company’s strategic move to strengthen its financial leasing operations.
More about China Chengtong Development Group Limited
China Chengtong Development Group Limited operates in the financial leasing industry, primarily focusing on sale and leaseback arrangements. The company engages in transactions involving the purchase and leasing of assets, with a market focus on providing financial solutions to various sectors.
YTD Price Performance: 102.78%
Average Trading Volume: 5,434,234
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.3B
Learn more about 0217 stock on TipRanks’ Stock Analysis page.