The latest update is out from CITIC ( (HK:0267) ).
CITIC has announced that Huarong Financial Leasing has become a subsidiary of CITIC Group, making it a connected person under the Listing Rules. This development affects the investment business transactions between CITIC Bank and Huarong Financial Leasing Group, which are now considered continuing connected transactions. Additionally, CITIC has entered into a Finance Lease and Operating Lease Services Framework Agreement with Huarong Financial Leasing Group, effective from March 2025 to December 2027, to continue providing lease services. These transactions are subject to reporting and announcement requirements but are exempt from independent shareholders’ approval.
More about CITIC
CITIC is a diversified company operating in the financial sector, primarily involved in banking and leasing services. Its market focus includes investment and leasing services, with a significant presence in the financial services industry.
YTD Price Performance: 19.37%
Average Trading Volume: 987
Technical Sentiment Signal: Strong Sell
Current Market Cap: $35.91B
Learn more about 0267 stock on TipRanks’ Stock Analysis page.