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China Glass Holdings Limited ( (HK:3300) ) has provided an update.
China Glass Holdings Limited has announced a major transaction involving the Weihai CNG Finance Lease Arrangement. This arrangement includes the sale and leaseback of assets valued at RMB150 million, with lease payments totaling approximately RMB158.6 million over 24 months. This transaction, combined with a previous finance lease arrangement, classifies as a major transaction under Hong Kong’s Listing Rules, necessitating shareholder approval. The company plans to convene a special general meeting to seek this approval and will provide further details in a forthcoming circular.
More about China Glass Holdings Limited
China Glass Holdings Limited operates in the glass manufacturing industry, focusing on the production and sale of glass products. The company is involved in various aspects of the glass industry, including the development, production, and distribution of a wide range of glass products.
Average Trading Volume: 1,111,620
Technical Sentiment Signal: Sell
Current Market Cap: HK$530.5M
For a thorough assessment of 3300 stock, go to TipRanks’ Stock Analysis page.