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The latest update is out from Zhongguancun Science-Tech Leasing Co. Ltd. Class H ( (HK:1601) ).
Zhongguancun Science-Tech Leasing Co., Ltd. announced a supplemental update regarding a connected transaction involving the transfer of trust beneficial interests under a non-performing loan trust scheme and a trust property service agreement. Despite dissent from a former director, the company confirmed compliance with state-owned asset supervision procedures, supported by legal opinions from both PRC and Hong Kong lawyers. The board, excluding the dissenting director, approved the transaction, considering it fair and reasonable for the company and its shareholders. Additionally, the announcement provided details on the ownership structure of Xingbao Trust, highlighting the involvement of China Trust Protection Fund Co., Ltd., which plays a significant role in managing risks within the trust industry.
More about Zhongguancun Science-Tech Leasing Co. Ltd. Class H
Zhongguancun Science-Tech Leasing Co., Ltd. operates in the financial services industry, focusing on providing leasing services. The company is incorporated in the People’s Republic of China and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 464,425
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.29B
For a thorough assessment of 1601 stock, go to TipRanks’ Stock Analysis page.