Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
The latest announcement is out from Shougang Concord Grand (Group) Limited ( (HK:0730) ).
Capital Industrial Financial Services Group Limited, through its subsidiary South China Leasing, has entered into a major transaction involving the disposal of accounts receivables. The agreement, valued at up to RMB300 million, will see these assets acquired by Sichuan Xinhuang Jiuhe Financial Leasing Co., Ltd., an independent third party. The proceeds from this transaction will be used as general working capital, and the transaction will not affect the company’s financial statements in terms of gain or loss. The deal does not require a general meeting for shareholder approval as it has already been approved by a majority shareholder.
More about Shougang Concord Grand (Group) Limited
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €54.25M
Find detailed analytics on 0730 stock on TipRanks’ Stock Analysis page.
