Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
China Chengtong Development Group Limited ( (HK:0217) ) has provided an update.
China Chengtong Development Group Limited announced a sale and leaseback arrangement through its subsidiary, Chengtong Financial Leasing, involving assets from a lessee owned by China Huadian. This transaction, valued at RMB50 million, is considered a discloseable transaction under Hong Kong’s Listing Rules due to its aggregated percentage ratio with a previous transaction. The deal highlights the company’s strategic focus on financial leasing and its continued collaboration with entities in the new energy sector.
More about China Chengtong Development Group Limited
China Chengtong Development Group Limited operates in the financial leasing industry, primarily through its subsidiary, Chengtong Financial Leasing. The company focuses on sale and leaseback arrangements, facilitating financial solutions for businesses by purchasing assets and leasing them back to the original owners.
YTD Price Performance: 10.19%
Average Trading Volume: 6,067,996
Technical Sentiment Signal: Sell
Current Market Cap: HK$708.4M
Find detailed analytics on 0217 stock on TipRanks’ Stock Analysis page.