China Chengtong Development Group Limited (HK:0217) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
China Chengtong Development Group Limited announced a major transaction involving a sale and leaseback agreement through its subsidiary, Chengtong Financial Leasing, with a lessee connected to China State Railway Group Co., Ltd. The lease term is for three years and the agreement, which exceeds certain percentage ratios, requires shareholder approval, already obtained in writing from the controlling shareholder. A detailed circular will be distributed to shareholders by 18 October 2024.
For further insights into HK:0217 stock, check out TipRanks’ Stock Analysis page.