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China Chengtong Development Group Limited ( (HK:0217) ) has shared an announcement.
China Chengtong Development Group Limited has announced that its indirect wholly owned subsidiary, Chengtong Financial Leasing, has entered into a three-year sale-and-leaseback arrangement with a lessee involved in the investment and construction of the Hangzhou-Shaoxing Intercity Rail Transit Project in Zhejiang Province. Under the deal, Chengtong Financial Leasing will purchase certain assets from the lessee and lease them back, with the transaction, when aggregated with a previous related deal signed in December 2025, qualifying as a major transaction under Hong Kong listing rules, as the relevant percentage ratios exceed 25% but are below 100%. The company has secured written approval from its controlling shareholder, China Chengtong Hong Kong Company Limited, which holds about 53.14% of its issued share capital, thereby dispensing with the need for a general meeting, and will issue a circular with further details to shareholders by early February 2026. The arrangement underscores China Chengtong’s ongoing use of structured leasing to support large-scale infrastructure financing while complying with Hong Kong’s major transaction requirements and maintaining streamlined approval processes for significant deals.
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 businesses include financial leasing activities conducted through its indirect wholly owned subsidiary, Chengtong Financial Leasing. The group uses leasing and sale-and-leaseback structures to provide financing solutions to corporate and infrastructure-related clients in mainland China.
YTD Price Performance: 3.28%
Average Trading Volume: 1,853,387
Technical Sentiment Signal: Sell
Current Market Cap: HK$738.2M
For an in-depth examination of 0217 stock, go to TipRanks’ Overview page.