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China Chengtong Development Group Limited ( (HK:0217) ) just unveiled an update.
China Chengtong Development Group Limited, through its subsidiary Chengtong Financial Leasing, has entered into a significant sale and leaseback arrangement. This transaction involves purchasing leased assets from a lessee and leasing them back for a three-year term. The arrangement is classified as a major transaction under Hong Kong’s Listing Rules, requiring shareholder approval. However, the company has secured written approval from its controlling shareholder, China Chengtong Hong Kong Company Limited, which holds a majority stake, thus bypassing the need for a general meeting.
More about China Chengtong Development Group Limited
YTD Price Performance: 59.26%
Average Trading Volume: 8,520,105
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.02B
See more insights into 0217 stock on TipRanks’ Stock Analysis page.