China Chengtong’s Strategic Sale and Leaseback Deal

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

China Chengtong Development Group Limited has entered into a significant sale and leaseback arrangement through its subsidiary, Chengtong Financial Leasing, involving Leased Assets worth RMB300 million. The transaction, which exceeds 25% of the company’s applicable percentage ratio, has been approved by the controlling shareholder, eliminating the need for a general meeting. This move reflects the company’s strategic financial management, offering insights into its approach to asset utilization and capital efficiency.

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