China Overseas Grand Oceans Group’s Strategic Receivables Transaction

China Overseas Grand Oceans Group Limited (HK:0081) has released an update.

China Overseas Grand Oceans Group Limited has announced a discloseable transaction involving its subsidiary, COGOP, which will transfer and later repurchase receivables worth up to RMB500 million with Bohai Trust. This strategic move, part of the Bohai Trust Scheme, is exempt from shareholder approval but necessitates reporting due to its significant financial impact. Investors may find this transaction intriguing as it reflects the company’s focus on optimizing its financial assets.

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