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China Ever Grand Financial Leasing Group Extends and Renews TEI Agreements

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China Ever Grand Financial Leasing Group Extends and Renews TEI Agreements

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The latest update is out from China Ever Grand Financial Leasing Group Co., Ltd. ( (HK:0379) ).

China Ever Grand Financial Leasing Group Co., Ltd. has announced updates regarding its transactions with TEI, a supplier of medical and healthcare products. The company extended its existing agreement with TEI for the year 2024 and established a new framework purchase agreement for 2025 to 2026. This move is significant as it involves connected transactions with substantial shareholders, requiring independent shareholder approval under Hong Kong’s listing rules. The company has appointed Messis Capital Limited as an independent financial adviser to ensure the fairness and reasonableness of the agreements.

More about China Ever Grand Financial Leasing Group Co., Ltd.

YTD Price Performance: 254.55%

Average Trading Volume: 974,536

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$197.4M

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