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An update from China Chengtong Development Group Limited ( (HK:0217) ) is now available.
China Chengtong Development Group Limited has announced a delay in sending a shareholder circular related to two major sale-and-leaseback transactions with Wenzhou Smart Mobility Future Business Operation & Management Co., Ltd. and Zhaoqing New District Investment Development Group Co., Ltd., which have already been approved by written shareholder consent in lieu of a general meeting under Hong Kong listing rules. The company has obtained a waiver from the Stock Exchange of Hong Kong, extending the deadline for despatch of the circular from 6 January 2025 to 19 January 2026 to allow additional time to prepare and finalise the required information, indicating a procedural timing adjustment rather than a change in the substance of the transactions for stakeholders.
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 is a Hong Kong-incorporated company listed on the Stock Exchange of Hong Kong, engaged in investment and development activities, including structured transactions such as sale-and-leaseback arrangements with mainland Chinese corporates and local government-related entities.
YTD Price Performance: 2.46%
Average Trading Volume: 2,189,411
Technical Sentiment Signal: Sell
Current Market Cap: HK$744.1M
For a thorough assessment of 0217 stock, go to TipRanks’ Stock Analysis page.