China Chengtong Development Group LimitedHKEX: 217

Major transaction - sale and leaseback arrangement

· Issued by China Chengtong Development Group Limited via HKEXnews

Filed with HKEX · Stock code 217 · · 7 pages · English

Summary by 6ix AI

China Chengtong Development Group Limited has announced a major transaction involving a sale and leaseback arrangement. Chengtong Financial Leasing, a subsidiary of the Company, will purchase certain assets and lease them back to the seller for a specified term. The transaction is classified as a major transaction under the Listing Rules, requiring shareholder approval, which has been obtained from a controlling shareholder. A circular with further details will be sent to shareholders within a specified timeframe.

Written by 6ix AI from the company’s filing. How 6ix writes summaries

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