China Chengtong Enters Significant Sale and Leaseback Deal

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

China Chengtong Development Group Limited’s subsidiary, Chengtong Financial Leasing, has entered into a RMB72 million sale and leaseback agreement, allowing it to purchase and then lease back assets to a lessee for two years. This transaction is considered discloseable according to Hong Kong’s listing rules, as the applicable percentage ratio exceeds 5% but is less than 25%. The deal involves a company quoted on the National Equities Exchanges and Quotations in China, with a significant shareholder being a state-owned enterprise.

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