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China Chengtong Development Group Limited ( (HK:0217) ) just unveiled an update.
China Chengtong Development Group Limited has announced that its subsidiary, Chengtong Financial Leasing, entered into sale and leaseback agreements on 23 December 2025 with certain co-lessees under which it will purchase leased assets for RMB30 million and lease them back for a three-year term, subject to early termination conditions. Because these agreements, when aggregated with previous transactions involving subsidiaries of China Minmetals, exceed the 25% threshold under Hong Kong Listing Rules, the arrangement is classified as a major transaction requiring shareholder approval; this has been obtained by written consent from the company’s controlling shareholder, eliminating the need for a general meeting and paving the way for execution of the financing structure, with a circular to be dispatched to shareholders by 16 January 2026.
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 sale-and-leaseback and related leasing arrangements with corporate clients in mainland China, supporting their asset financing needs.
YTD Price Performance: 14.81%
Average Trading Volume: 2,129,849
Technical Sentiment Signal: Sell
Current Market Cap: HK$732.2M
For an in-depth examination of 0217 stock, go to TipRanks’ Overview page.