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China Ever Grand Financial Leasing Group Announces Major Property Disposal

Story Highlights
  • China Ever Grand Financial Leasing Group is selling industrial properties in Shanghai.
  • The transaction is a major deal requiring shareholder approval under Hong Kong’s Listing Rules.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China Ever Grand Financial Leasing Group Announces Major Property Disposal

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China Ever Grand Financial Leasing Group Co., Ltd. ( (HK:0379) ) just unveiled an update.

China Ever Grand Financial Leasing Group Co., Ltd., through its subsidiary Livingzone (Shanghai) Bio-Chem Technology Co., Ltd., has entered into an agreement to sell industrial properties in Shanghai to Shanghai Solarbio Bioscience & Technology Co., Ltd. for RMB35,404,285. This transaction, classified as a major transaction under Hong Kong’s Listing Rules, requires shareholder approval and involves the sale of investment properties with a total gross floor area of approximately 4,165.21 square meters. The disposal is subject to conditions precedent, and shareholders are advised to exercise caution.

More about China Ever Grand Financial Leasing Group Co., Ltd.

Average Trading Volume: 283,551

Technical Sentiment Signal: Buy

Current Market Cap: HK$131.6M

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