China Chengtong Expands Leasing Portfolio with RMB237.6 Million Assignment Deal

China Chengtong Development Group Limited ( (HK:0217) ) has provided an announcement.

China Chengtong Development Group Limited has announced that its subsidiary, Chengtong Financial Leasing, will acquire from an independent transferor a portfolio of lease-related rights, including the assigned properties and the right to receive all lease payments and other sums due from an existing lessee, for an expected consideration of about RMB237.59 million, subject to adjustment on the actual transfer date. The transaction qualifies as a major transaction under Hong Kong’s Listing Rules, triggering disclosure and shareholder approval requirements; however, as no other shareholders have a material interest and the company’s controlling shareholder has provided written approval, no general meeting will be held, and a circular detailing the assignment and leasing arrangement will be sent to shareholders by 20 January 2026, underscoring the group’s continued expansion of its financial leasing asset base and revenue-generating lease receivables.

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 is a Hong Kong-incorporated company whose operations include financial leasing activities conducted through its indirect wholly owned subsidiary, Chengtong Financial Leasing. The group focuses on providing leasing and related financial solutions, using asset-based structures and lease receivables as part of its financing and investment portfolio in mainland China and the region.

YTD Price Performance: 11.11%

Average Trading Volume: 2,169,666

Technical Sentiment Signal: Sell

Current Market Cap: HK$714.3M

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