China State Construction International Holdings (HK:3311) has released an update.
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China State Construction International Investments has announced a significant factoring arrangement, involving the transfer of account receivables worth RMB444.2 million to CCCF for a 12-month period. This move, part of a series of connected transactions, reflects strategic financial management within the group to optimize liquidity. The transactions are subject to reporting requirements, though exempt from shareholder approval.
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