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China Chengtong Development Group Limited ( (HK:0217) ) has provided an update.
China Chengtong Development Group Limited has entered into a Financial Services Agreement with its subsidiary, Chengtong Finance, to provide a variety of financial services to the Group for a three-year term. This agreement includes deposit services, credit facilities, and settlement services, with certain aspects requiring shareholder approval due to their classification as major transactions under Hong Kong’s Listing Rules. The agreement is expected to enhance the company’s financial operations without requiring asset security, thereby potentially improving its market positioning and operational efficiency.
More about China Chengtong Development Group Limited
China Chengtong Development Group Limited is incorporated in Hong Kong and operates within the financial services industry. The company primarily focuses on providing a range of financial services, including deposit services, credit facilities, and settlement services, through its subsidiary Chengtong Finance.
YTD Price Performance: 6.48%
Average Trading Volume: 4,515,004
Technical Sentiment Signal: Sell
Current Market Cap: HK$684.6M
For detailed information about 0217 stock, go to TipRanks’ Stock Analysis page.