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China Ever Grand Financial Leasing Group Co., Ltd. ( (HK:0379) ) just unveiled an update.
China Ever Grand Financial Leasing Group has agreed to dispose of an indirect wholly owned subsidiary that holds around 51.39% of BJEG, an equity investment involved in financial leasing, for a consideration of RMB70 million. The disposal, executed via a sale of one share in the BVI-incorporated holding company to Sheen Nation Holdings Limited, with BJEG director Qiao Weibing acting as guarantor, is positioned as part of an arrangement to resolve ongoing litigation and judicial dissolution proceedings concerning Hong Kong Ever Grand Capital. Classified as a major transaction under Hong Kong Listing Rules, the deal requires shareholder approval at an extraordinary general meeting, and the company will issue a circular by 6 March 2026 detailing the disposal and related guarantee arrangements, leaving completion contingent on meeting specified conditions and signalling a potential reshaping of its exposure to the financial leasing investment in BJEG.
The most recent analyst rating on (HK:0379) stock is a Hold with a HK$0.06 price target. To see the full list of analyst forecasts on China Ever Grand Financial Leasing Group Co., Ltd. stock, see the HK:0379 Stock Forecast page.
More about China Ever Grand Financial Leasing Group Co., Ltd.
China Ever Grand Financial Leasing Group Co., Ltd. operates in the financial services sector, with its group structure including subsidiaries engaged in investment holding related to financial leasing businesses. Through these entities, the group holds equity stakes in companies such as Beijing Ever Grand (BJEG), which is treated as an equity investment measured at fair value through other comprehensive income rather than as a consolidated subsidiary.
Average Trading Volume: 1,375,191
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$108M
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