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metropolis cap (08621.HK) and shanghai beifei tong autos leasing entered into a factoring agreement.
On September 25th, Gigalonn announced that METROPOLIS CAP (08621.HK) signed a factoring agreement on September 25, 2024 with Customer C Shanghai Beifei Tong Autos Rental Co., Ltd., an indirect wholly-owned subsidiary of the company. Under this agreement, Gigalonn has agreed to provide Customer C with a factoring credit limit of up to RMB 7 million for the factoring period.
ROI exceeds 20%! China's wealthy flock to the $1.7 trillion "high-yield market"......
Chinese wealthy investors are pursuing the $1.7 trillion private crediting market, ignoring warnings of rising default rates, because some of these trades have an roi exceeding 20%.
Metropolis Cap (08621) has announced its interim results, with a net profit attributable to owners of the company of 4.3968 million yuan, a decrease of 27.41% year-on-year.
Metropolis Cap (08621) announces its mid-term performance for 2024, with a year-on-year profit growth of 3...
METROPOLIS CAP: 2024 Interim Report
METROPOLIS CAP: ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024
Metropolis cap (08621.HK) warns of profit decline: expected to decrease by about 50% year-on-year before tax in the midterm.
METROPOLIS CAP (08621.HK) announced that based on the unaudited comprehensive management accounts and current available information of the board of directors as of June 30, 2024, the group expects a decrease of approximately 50% in pre-tax surplus during the reporting period compared to the corresponding period, except for pre-tax surplus of about RMB 10.8 million. The decrease is mainly due to (i) the reversal of losses on lease receivables generated by the repayment of lease receivables and post-sale lease arrangements recorded in the corresponding period (referred to as "lease receivables") that were provisioned for losses.
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