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Denox Environmental & Technology Holdings Limited ( (HK:1452) ) has provided an update.
Denox Environmental & Technology Holdings Limited has entered into a finance lease agreement with Maxwealth Financial Leasing Co., Ltd., a subsidiary of Bank of Ningbo Co., Ltd. Under the agreement, Denox will sell assets worth RMB10,000,000 to Maxwealth and lease them back for 36 months, with a total lease payment of RMB10,886,768. This transaction, classified as disclosable under Hong Kong’s listing rules, allows Denox to optimize its asset management while maintaining operational control, potentially enhancing its financial flexibility and market positioning.
More about Denox Environmental & Technology Holdings Limited
Denox Environmental & Technology Holdings Limited operates in the environmental technology sector, focusing on providing innovative solutions for environmental protection and sustainable development. The company is involved in the manufacturing and distribution of environmental protection equipment and services, catering to various industries with a market focus on China.
Average Trading Volume: 1,193,681
Technical Sentiment Signal: Buy
Current Market Cap: HK$64.03M
Learn more about 1452 stock on TipRanks’ Stock Analysis page.