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The latest update is out from China Chengtong Development Group Limited ( (HK:0217) ).
China Chengtong Development Group Limited has announced the approval of several sale and leaseback agreements involving its subsidiary, Chengtong Financial Leasing Company Limited. These agreements, with PowerChina Real Estate Group Ltd., Wuhan City Longyue Real Estate Co., Ltd., Zhengzhou Yuechen Real Estate Co., Ltd., and China Railway Real Estate Group, are set for a term of two years. The transactions are expected to enhance the company’s financial leasing operations and strengthen its market position in the real estate and infrastructure sectors.
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 Company Limited. The company focuses on providing sale and leaseback arrangements, catering to real estate and infrastructure sectors.
YTD Price Performance: 21.30%
Average Trading Volume: 4,504,795
Technical Sentiment Signal: Buy
Current Market Cap: HK$773.9M
See more data about 0217 stock on TipRanks’ Stock Analysis page.