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The latest update is out from New Focus Auto Tech Holdings ( (HK:0360) ).
New Focus Auto Tech Holdings Limited announced a finance lease arrangement involving its associate company, Wenzhou Ouchu, and Qianhai Xingbang. Under this agreement, Wenzhou Ouchu will sell new energy equipment to Qianhai Xingbang for RMB220 million and lease it back for ten years, with total payments amounting to RMB272.73 million. The transaction is secured by equity pledges and guarantees, and it is classified as a discloseable transaction under Hong Kong’s Listing Rules, requiring reporting and announcement but not shareholder approval.
More about New Focus Auto Tech Holdings
New Focus Auto Tech Holdings Limited is a company incorporated in the Cayman Islands, operating in the automotive industry. It provides various automotive products and services, with a focus on new energy equipment, including electric power storage solutions.
YTD Price Performance: 18.37%
Average Trading Volume: 7,895,640
Technical Sentiment Signal: Sell
Current Market Cap: HK$998.6M
See more insights into 0360 stock on TipRanks’ Stock Analysis page.
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