China Chengtong Development Group Limited (HK:0217) has released an update.
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China Chengtong Development Group Limited has announced the early termination of a finance lease arrangement, initially set for five years, with the final settlement occurring on July 12, 2024. The termination resulted in a final payment to the company’s subsidiary, Chengtong Financial Leasing, and the recognition of an income of approximately RMB16.49 million. This strategic move allows the company to reallocate funds to other potential projects, reflecting their commitment to optimizing shareholder value.
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