China Chengtong Seals Major Leased-Assets Transfer Deal via Financial Leasing Arm

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

China Chengtong Development Group Limited has entered into a major leased-assets transfer arrangement through its indirect wholly owned subsidiary, Chengtong Financial Leasing, which will purchase certain leased assets from a lessee and lease them back over terms of approximately 15 or 24 months, subject to early termination. As this transaction, when aggregated with a previous leasing deal signed in January 2025, exceeds the 25% threshold under Hong Kong listing rules, it is classified as a major transaction requiring shareholder approval; this has been obtained via written consent from the company’s controlling shareholder, avoiding the need for a general meeting, and a circular with further details will be dispatched to shareholders by mid-February 2026, underscoring the growing scale of the group’s leasing operations and its reliance on structured asset transactions for expansion.

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 engages in lease-based financing transactions, positioning itself as a provider of structured leasing solutions to corporate clients in mainland China and beyond.

YTD Price Performance: 2.46%

Average Trading Volume: 2,269,540

Technical Sentiment Signal: Sell

Current Market Cap: HK$744.1M

Find detailed analytics on 0217 stock on TipRanks’ Stock Analysis page.