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An update from China Chengtong Development Group Limited ( (HK:0217) ) is now available.
China Chengtong Development Group Limited, through its subsidiary Chengtong Financial Leasing, has entered into a significant sale and leaseback arrangement with Yili, involving the purchase and subsequent leasing of Yili’s assets for two years. This transaction, when combined with previous deals, constitutes a very substantial acquisition under Hong Kong’s Listing Rules, requiring shareholder approval and compliance with regulatory requirements.
More about China Chengtong Development Group Limited
China Chengtong Development Group Limited operates in the financial leasing industry, primarily offering sale and leaseback arrangements. The company focuses on providing financial leasing services to various sectors, enhancing their market presence through strategic acquisitions.
YTD Price Performance: 13.89%
Average Trading Volume: 4,516,214
Technical Sentiment Signal: Hold
Current Market Cap: HK$732.2M
For a thorough assessment of 0217 stock, go to TipRanks’ Stock Analysis page.