China Chengtong Announces Major Leaseback Deal

China Chengtong Development Group Limited (HK:0217) has released an update.

China Chengtong Development Group Limited has announced a major sale and leaseback transaction with co-Lessees on September 10, 2024, involving its subsidiary, Chengtong Financial Leasing. The arrangement, which includes a two-year lease term, is significant enough to require shareholder approval under the Listing Rules. The company has already secured written approval from its controlling shareholder, China Chengtong Hong Kong Company Limited, negating the need for a general meeting.

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