China Chengtong’s Major Sale and Leaseback Agreement

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

China Chengtong Development Group Limited has entered into a significant Sale and Leaseback Master Agreement through its subsidiary, Chengtong Financial Leasing. This agreement, which involves offering sale and leaseback services to a lessee, surpasses a 25% financial threshold, making it a major transaction under Hong Kong’s Listing Rules. The company has secured written shareholder approval, allowing the transaction to proceed without a general meeting.

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