
Tianjin Development Sells Entire Stake in Benefo Financial Leasing for RMB265 Million

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Tianjin Development Holdings has announced the sale of its entire stake in Benefo Financial Leasing for RMB264.93 million to Tianjin Capital. This transaction, conducted through its subsidiary Tianjin Tai Kang, will result in Benefo ceasing to be a subsidiary of Tianjin Development following regulatory approvals. The sale reflects a strategic adjustment in Tianjin Development's portfolio in the financial leasing sector, adhering to Hong Kong Listing Rules for discloseable transactions.
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