China Ever Grand Revises Payment Terms for Disposal of Capital Unit

China Ever Grand Financial Leasing Group Co., Ltd. ( (HK:0379) ) has shared an announcement.

China Ever Grand Financial Leasing Group Co., Ltd. has signed a supplemental agreement to revise the payment arrangements under its previously announced conditional disposal of the entire issued share capital of China Ever Grand Capital Group Limited. The changes adjust where the initial deposit and third instalment of RMB7 million each may be paid, reallocating jurisdictional flexibility between Hong Kong and other locations agreed by both parties, while leaving all other terms of the disposal unchanged.

Under the revised terms, the deposit must now be paid in Hong Kong within five business days after signing, tightening control over the first cash flow leg of the transaction. Conversely, the third instalment immediately before completion can now be settled either in Hong Kong or another jurisdiction proposed by the vendor and agreed by the purchaser, providing the parties with greater flexibility in managing cross-border payment arrangements without altering the overall consideration or structure of the deal.

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. is a Hong Kong-listed company incorporated in the Cayman Islands, operating in the financial services sector with a focus on capital and financial leasing-related businesses through its subsidiaries, including China Ever Grand Capital Group Limited.

Average Trading Volume: 1,100,148

Technical Sentiment Signal: Sell

Current Market Cap: HK$123.2M

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