Zhitong Finance App News, China Chengtong Development Group (00217) announced that on December 18, 2023, Chengtong Financial Leasing (an indirect wholly owned subsidiary of the company) and the lessee (Anhui Electric Power Co., Ltd.) entered into a sale-sale leaseback agreement. Chengtong Financial Leasing will purchase leased assets from the lessee and lease assets back to the lessee. The lease period is 2 years, but it can be terminated early according to the terms and conditions of the sale-leaseback agreement.
Leased assets include certain power generation and heating equipment and facilities, such as electric dust collectors and gas condensers, etc., as well as railway equipment within the factory.