Gelonghui November 17丨China Chengtong Development Group (00217.HK) announced that on November 17, 2023, Chengtong Financial Leasing (an indirect wholly owned subsidiary of the company) entered into a sale-sale leaseback agreement with the lessee. Chengtong Financial Leasing will purchase leased assets from the lessee at a total purchase price of RMB 150 million, and the leased assets will be leased back to the lessee. The lease period will run for three (3) years from the date when Chengtong Financial Leasing pays the relevant purchase price for the leased asset.
Leased assets include power generation and auxiliary equipment and facilities such as steam turbines and transformers.