China Chengtong Development Group Limited (HK:0217) has released an update.
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China Chengtong Development Group Limited has entered a major transaction through its subsidiary, Chengtong Financial Leasing, involving a sale and leaseback arrangement valued at RMB200 million. The agreement allows the purchase and subsequent leaseback of assets for a three-year term, with provisions for early termination. Shareholder approval has been secured, negating the need for a general meeting.
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