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China Chengtong Development Group Secures Approval for Major Acquisitions

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China Chengtong Development Group Secures Approval for Major Acquisitions

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An update from China Chengtong Development Group Limited ( (HK:0217) ) is now available.

China Chengtong Development Group Limited announced that all resolutions proposed at their General Meeting on November 27, 2025, were approved. The resolutions involved substantial acquisitions and agreements with PowerChina Real Estate, Wuhan Longyue, Zhengzhou Yuechen, China Railway, and Yili, which were overwhelmingly supported by shareholders. This approval signifies a strategic move for the company, potentially enhancing its market position and operational capabilities through these significant partnerships and transactions.

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

YTD Price Performance: 13.89%

Average Trading Volume: 3,534,335

Technical Sentiment Signal: Sell

Current Market Cap: HK$732.2M

For detailed information about 0217 stock, go to TipRanks’ Stock Analysis page.

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