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China Chengtong Development Group Limited ( (HK:0217) ) just unveiled an update.
China Chengtong Development Group Limited, through its subsidiary Chengtong Financial Leasing, has entered into a sale and leaseback arrangement with a lessee involved in the chemical raw materials and products business. The agreement involves purchasing leased assets for RMB150 million and leasing them back for three years. This transaction is considered discloseable under Hong Kong’s listing rules due to its size, impacting the company’s financial operations and market positioning.
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
China Chengtong Development Group Limited operates in the financial leasing industry, primarily providing sale and leaseback arrangements. The company focuses on offering financial solutions through its subsidiary, Chengtong Financial Leasing.
YTD Price Performance: 14.81%
Average Trading Volume: 2,940,349
Technical Sentiment Signal: Hold
Current Market Cap: HK$744.1M
Learn more about 0217 stock on TipRanks’ Stock Analysis page.