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Wang On Group Engages in Sale and Leaseback Transaction

Story Highlights
  • Wang On Group’s subsidiary entered a sale and leaseback deal worth RMB20 million.
  • The transaction is a discloseable event under Hong Kong’s Listing Rules, enhancing liquidity.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Wang On Group Engages in Sale and Leaseback Transaction

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

Wang On Group Limited, through its subsidiary Luoyang Hongjin, has entered into a sale and leaseback agreement with Jiangsu Financial for assets valued at RMB20 million. This transaction, classified as a discloseable transaction under Hong Kong’s Listing Rules, involves the sale of assets by Luoyang Hongjin to Jiangsu Financial with a subsequent leaseback, ensuring continued operational use while optimizing financial liquidity.

More about Wang On Group Limited

YTD Price Performance: 19.05%

Average Trading Volume: 6,753,723

Technical Sentiment Signal: Sell

Current Market Cap: HK$311.2M

For detailed information about 1222 stock, go to TipRanks’ Stock Analysis page.

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