Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An update from China Chengtong Development Group Limited ( (HK:0217) ) is now available.
China Chengtong Development Group Limited, through its subsidiary Chengtong Financial Leasing, has entered into major sale and leaseback agreements with Dancheng & First Metallurgical and Songwei & First Metallurgical. These agreements, which involve purchasing and leasing back assets for a three-year term, are significant transactions under Hong Kong’s Listing Rules, requiring shareholder approval. The arrangements exceed 25% of the applicable percentage ratio, necessitating notification and approval processes, which have been met through written consent from the controlling shareholder.
More about China Chengtong Development Group Limited
China Chengtong Development Group Limited operates in the financial leasing industry, primarily focusing on sale and leaseback arrangements. The company is involved in acquiring assets from lessees and leasing them back, providing financial solutions to various sectors.
YTD Price Performance: 66.67%
Average Trading Volume: 7,616,624
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.07B
See more data about 0217 stock on TipRanks’ Stock Analysis page.