Bank of China Gold Leasing (01606) issued an announcement. The company acts as an asset transferee and asset transferor; lessee; Sichuan Electric Power...
Zhitong Finance App News, Bank of China Gold Rental (01606) issued an announcement. The company, as the asset transferee; the lessee; Sichuan Electric Power; and Sichuan Xindian Materials entered into an asset transfer agreement on April 30, 2024. The asset transferor agreed to transfer the ownership of the leased property, lease receivable claims, all security interests, and all related obligations of the asset seller under the financial lease contract to the company. The company agreed to transfer the leased property and related rights to the Sichuan Electric Power and New Power Company RMB 2.3 billion Transfer consideration in yuan (this transaction).
The subject matter of the transfer is ownership of the leased property under the financial lease contract, lease claims receivable, all security rights, and all related obligations of the asset transferor under the financial lease contract. The leased property is a 542.22 MW photovoltaic power generation facility located in Hebei Province, China under the Southern District of the Yuxian Project. The southern area of the Yuxian Project is a photovoltaic power generation project under construction in Hebei Province, China. It was contracted by Sichuan Electric Power and Sichuan Institute of New Power Supplies. The assessed value of the subject matter of the transfer is approximately RMB 2.3 billion.
Asset transfer agreements are concluded by the company in the general and daily course of business. Establishing an asset transfer agreement is beneficial to increasing the company's financial leasing business revenue and is in line with the company's business development strategy.