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The latest announcement is out from International Alliance Financial Leasing Co., Ltd. ( (HK:1563) ).
International Alliance Financial Leasing Co., Ltd. announced a major transaction involving a finance lease agreement. The agreement involves the company’s subsidiary purchasing leased assets from Loudi Wujo Industrial Co., Ltd. for RMB50,000,000 and leasing them back for three years for approximately RMB55,506,000. This transaction, when combined with a previous agreement, is considered a major transaction under Hong Kong’s Listing Rules, requiring shareholder approval. The company plans to hold an extraordinary general meeting to seek this approval.
More about International Alliance Financial Leasing Co., Ltd.
Average Trading Volume: 1,404,281
Technical Sentiment Signal: Sell
Current Market Cap: HK$353.4M
For an in-depth examination of 1563 stock, go to TipRanks’ Overview page.