China Chengtong Development Group Limited (HK:0217) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
China Chengtong Development Group Limited has decided to prematurely terminate its sale and leaseback arrangement with Haifa Baocheng, originally set for two years and involving a maximum financing amount of RMB 500 million. This termination, effective from August 20, 2024, is classified as a discloseable transaction as per the Listing Rules, with the highest percentage ratio between 5% and 25%. At the time of termination, the outstanding lease payment was approximately RMB 51.67 million, which includes principal, interest receivable, and unearned lease interest.
For further insights into HK:0217 stock, check out TipRanks’ Stock Analysis page.
