5 stories mentioning HKG:2473Updated 21m ago
Every FINWIRES story that references HKG:2473, newest first.
XXF Group (HKG:2473) said it entered a sale and leaseback arrangement with Guangxi Tongsheng Financial Leasing involving certain automobiles, according to a Monday filing with the Hong Kong bourse.Under the agreement, the firm will sell the automobiles to Tongsheng Financial for 4.98 million yuan and lease them back from the company for 5.2 million yuan for a 24-month period.
XXF (HKG:2473) completed the placing of 154.7 million shares and a top-up subscription to raise net proceeds of about HK$126 million, according to a Tuesday Hong Kong bourse filing.Shares of the automobile finance lease firm were up over 1% in Wednesday morning trade.The shares were placed to not fewer than six investors at HK$0.82 apiece.The company said the proceeds will be used to procure vehicles for its automobile retail and finance business, including new energy vehicle models, as well as support its outright car sales business and overseas expansion.
XXF (HKG:2473) entered into sale-and-leaseback agreements involving automobiles with Guangdong Yuecai Financial Leasing, according to a Wednesday Hong Kong bourse filing.Shares of the automobile finance lease firm were down nearly 5% in Thursday morning trade.Under the agreements, XXF Group and certain subsidiaries agreed to transfer leased assets for about 4.63 million yuan and lease them back for 48 months at a total rent of about 5.10 million yuan.Upon expiry of the lease period and full settlement of outstanding amounts, the group may repurchase the automobiles at a nominal consideration of 1 yuan per vehicle.
XXF Group (HKG:2473) completed a share placement to raise about HK$151 million in net proceeds, according to a Hong Kong bourse filing Tuesday.Shares of the automobile finance lease firm gained over 3% in late morning trade Wednesday.An existing shareholder, Glorypearl Capital Resources, placed 154.7 million shares at HK$0.98 each to at least six investors and XXF issued the same number of new shares to the seller under a top-up subscription at the same price.The placing represented about 10% of the company's existing issued share capital, and 9.09% as enlarged by the sale.Net proceeds will be used for vehicle procurement to support its automobile retail and leasing businesses, as well as general working capital.
XXF (HKG:2473) plans to raise about HK$151 million in net proceeds through a share placing and top-up subscription, according to a Monday Hong Kong bourse filing.Shares of the automobile services company were down nearly 8% in Tuesday morning trade.An existing shareholder, Glorypearl Capital Resources, will place 154.7 million shares at HK$0.98 each to at least six investors on a best-efforts basis.The placing represents about 10% of the company's existing issued share capital.XXF will issue the same number of new shares to the seller under a top-up subscription at the same price.Net proceeds will be used for vehicle procurement to support its automobile retail and leasing businesses, as well as general working capital.
