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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.