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The latest announcement is out from New Concepts Holdings Ltd ( (HK:2221) ).
New Concepts Holdings Ltd, a company incorporated in the Cayman Islands, has announced a major transaction involving a new finance lease arrangement. The company has entered into a Transfer Agreement with Jiangsu Leasing, where Jiangsu Leasing will purchase the leased assets for RMB56,000,000 and lease them back to the company at an interest rate of 6.5067% per annum for five years. This transaction is considered a major one under the Listing Rules, requiring shareholder approval.
More about New Concepts Holdings Ltd
YTD Price Performance: -11.82%
Average Trading Volume: 629,454
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$151M
Find detailed analytics on 2221 stock on TipRanks’ Stock Analysis page.