China Chengtong Seals Major Leasing Transaction With PRC Finance Lessor
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China Chengtong Development Group Limited (HK:0217) has arranged for its subsidiary, Chengtong Financial Leasing, to purchase leased assets from a PRC finance leasing company and lease them back for two years. This transaction qualifies as a major transaction under Hong Kong listing rules, requiring disclosure and shareholder approval. China Chengtong has obtained written approval from its controlling shareholder, thus avoiding a general meeting. The company will issue a circular by early March 2026. The latest analyst rating for HK:0217 is a Hold with a price target of HK$0.12.
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