China Ever Grand Financial Leasing Group Announces Termination of Old Agreement and New Major Transaction for Disposal of Property 103

Reuters
Sep 09
China Ever Grand Financial Leasing Group Announces Termination of Old Agreement and New Major Transaction for Disposal of Property 103

China Ever Grand Financial Leasing Group Co. Ltd. has announced the termination of a previous agreement and the initiation of a major transaction involving the disposal of property. Under a new agreement, the company plans to dispose of Property 103 and multiple room units through several agreements with Solarbio. This transaction, classified as a major transaction, requires shareholder approval as it exceeds 25% of the applicable percentage ratios under the Listing Rules. An Extraordinary General Meeting (EGM) will be convened for shareholders to vote on this disposal.

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