The latest announcement is out from China Chengtong Development Group Limited ( (HK:0217) ).
China Chengtong Development Group Limited issued a clarification announcement regarding its final results for the year ended December 31, 2024. The announcement addresses clerical errors in the previously released financial information, specifically concerning the pledge of assets and auditor’s remuneration. The revised figures indicate a decrease in leasing and trade receivables used as security for bank borrowings and ABS, reflecting a change in the company’s financial positioning. The announcement reassures stakeholders that other information in the original results remains unchanged.
More about China Chengtong Development Group Limited
China Chengtong Development Group Limited is a company incorporated in Hong Kong, operating with a focus on leasing and trade receivables under an operating lease business. The company is involved in financial services, providing leasing solutions and managing assets to support its bank borrowings and asset-backed securities (ABS).
Technical Sentiment Signal: Buy
Current Market Cap: €67.62M
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