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Zhongguancun Science-Tech Leasing Co. Ltd. Class H ( (HK:1601) ) has issued an update.
Zhongguancun Science-Tech Leasing Co., Ltd. has entered into a connected transaction involving the transfer of trust beneficial interests under a non-performing loan trust scheme. The company has agreed to transfer these interests to its controlling shareholder, ZGC Finance, for RMB20,654,500. Additionally, a Trust Property Service Agreement was established, under which Zhongguancun will manage and provide services for the trust property over a three-year period. These transactions are subject to certain reporting and review requirements but are exempt from independent shareholders’ approval.
More about Zhongguancun Science-Tech Leasing Co. Ltd. Class H
Zhongguancun Science-Tech Leasing Co., Ltd. operates in the financial services industry, focusing on leasing and trust management services. The company is incorporated in the People’s Republic of China and is publicly traded on the Hong Kong Stock Exchange.
Average Trading Volume: 414,896
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$1.15B
For a thorough assessment of 1601 stock, go to TipRanks’ Stock Analysis page.