Skyworth Group’s Subsidiary Engages in Financial Leasing Agreement with Nanjing Golden Dragon Bus
Skyworth Digital Holdings (HK:0751) announced that its subsidiary, Shenzhen Chuangwei Financial Leasing, has signed a Financial Leasing Business Agreement with Nanjing Golden Dragon Bus Co., Ltd. The agreement, involving a sale and leaseback arrangement worth RMB85 million, is a connected transaction due to Mr. Wong's involvement. It aims to enhance Skyworth's financial leasing capabilities. The latest analyst rating for HK:0751 is a Hold with a price target of HK$5.00. Skyworth Group is engaged in various sectors, including smart TVs and financial services.
Skyworth Digital Holdings ( (HK:0751) ) just unveiled an update.
Skyworth Group Limited’s subsidiary, Shenzhen Chuangwei Financial Leasing, has entered into a Financial Leasing Business Agreement with Nanjing Golden Dragon Bus Co., Ltd. This agreement involves providing financial leasing services through a sale and leaseback arrangement at an initial sale price of RMB85 million. The transaction, which is a continuing connected transaction due to the involvement of Mr. Wong, a controlling shareholder, is subject to reporting and announcement requirements but is exempt from independent shareholders’ approval under the Listing Rules. The agreement reflects Skyworth’s strategic move to leverage its financial leasing capabilities, potentially strengthening its position in the financial services sector.
The most recent analyst rating on (HK:0751) stock is a Hold with a HK$5.00 price target. To see the full list of analyst forecasts on Skyworth Digital Holdings stock, see the HK:0751 Stock Forecast page.
More about Skyworth Digital Holdings
Skyworth Group Limited, along with its subsidiaries, is primarily involved in the manufacture and sales of smart TVs, home access systems, photovoltaic products, smart white appliances, intelligent manufacturing, internet value-added services, property development, property holding, modern services, and trading of other products. Shenzhen Chuangwei Financial Leasing, a wholly-owned subsidiary of the company, is engaged in finance leasing and factoring business.
Average Trading Volume: 18,164,656
Technical Sentiment Signal: Buy
Current Market Cap: HK$9.25B
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