Wang On Group and China Agri-Products Announce Major Sale and Leaseback Transaction

Wang On Group Limited ( (HK:1222) ) has provided an announcement.

Wang On Group Limited and China Agri-Products Exchange Limited have announced a major transaction involving a sale and leaseback arrangement with Haier. This transaction, which involves the sale and leaseback of assets worth approximately HK$77.4 million, is significant enough to be classified as a major transaction under the Hong Kong Stock Exchange’s Listing Rules, necessitating shareholder approval and additional reporting requirements. The arrangement is expected to impact the companies’ financial operations and requires the dispatch of a circular to shareholders for further details.

More about Wang On Group Limited

YTD Price Performance: 4.76%

Average Trading Volume: 5,120,784

Technical Sentiment Signal: Sell

Current Market Cap: HK$273.9M

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