China Glass Holdings Limited (HK:3300) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
China Glass Holdings Limited has announced a finance lease arrangement with Jiangsu SHD, where the lessor will purchase leased assets for RMB60 million and lease them back to Jiangsu SHD for 18 months with payments totaling approximately RMB63.5 million. This transaction, combined with a previous arrangement, is classified as a discloseable transaction under the Hong Kong Listing Rules, requiring notification and announcement without shareholder approval.
For further insights into HK:3300 stock, check out TipRanks’ Stock Analysis page.