China Chengtong Development Group Limited ( (HK:0217) ) has issued an update.
China Chengtong Development Group Limited announced a major transaction involving a sale and leaseback arrangement through its subsidiary, Chengtong Financial Leasing, with a lessee connected to China State Railway Group Co., Ltd. This arrangement, combined with previous transactions, constitutes a major transaction under Hong Kong’s Listing Rules, requiring shareholder approval, which has been obtained from its controlling shareholder, China Chengtong Hong Kong Company Limited, thus negating the need for a general meeting.
More about China Chengtong Development Group Limited
China Chengtong Development Group Limited operates in the financial leasing industry, primarily through its subsidiary, Chengtong Financial Leasing. The company focuses on sale and leaseback arrangements, providing financial solutions to businesses, particularly in the railway sector.
Technical Sentiment Signal: Buy
Current Market Cap: €59.79M
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