China State Construction International Holdings (HK:3311) has released an update.
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China State Construction International Investments has announced a significant factoring arrangement, involving the transfer of account receivables worth RMB444.2 million to CCCF for a 12-month period. This move, part of a series of connected transactions, reflects strategic financial management within the group to optimize liquidity. The transactions are subject to reporting requirements, though exempt from shareholder approval.
For further insights into HK:3311 stock, check out TipRanks’ Stock Analysis page.
