China Investments Holdings Limited (HK:0132) has released an update.
Greengold Leasing, a subsidiary of Hing Yip Holdings Limited, has entered into a major finance lease transaction with an independent third party, transferring the ownership of assets valued at RMB160 million to be leased back over seven years. This strategic move, requiring shareholder approval but exempt from convening a general meeting, is significant as it crosses the 25% threshold under the Listing Rules. Further details on the transaction will be available in an upcoming circular on the company’s and Stock Exchange’s websites.
For further insights into HK:0132 stock, check out TipRanks’ Stock Analysis page.
