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Zhongguancun Science-Tech Leasing Co. Ltd. Class H ( (HK:1601) ) has provided an announcement.
Zhongguancun Science-Tech Leasing Co., Ltd. has issued a supplemental announcement detailing revisions to its previously disclosed fund partnership agreement entered into with partners including ZGC Co-Innovative and Beijing Zhongnuo. Under the updated terms, the company will continue to receive 10% of any remaining fund income as a cornerstone return after the initial three distribution tiers, with the residual balance to be shared equally between ZGC Co-Innovative and Beijing Zhongnuo, and the board maintains that these changes were reached through arm’s length negotiations, are on normal commercial terms, and are in the interests of the company and its shareholders; one director, who also serves at subsidiaries of ZGC Group, abstained from voting due to a deemed material interest, while no other directors were required to abstain.
More about Zhongguancun Science-Tech Leasing Co. Ltd. Class H
Zhongguancun Science-Tech Leasing Co., Ltd. is a PRC-incorporated financial leasing company listed in Hong Kong, focusing on providing technology-focused leasing and related financing solutions, leveraging its ties with the Zhongguancun innovation ecosystem to support clients in science and technology sectors.
Average Trading Volume: 118,437
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.39B
See more insights into 1601 stock on TipRanks’ Stock Analysis page.