China Chengtong Development Group (00217) issued an announcement. On March 28, 2024, Chengtong Financial Leasing (Company...
Zhitong Finance App News, China Chengtong Development Group (00217) issued an announcement. On March 28, 2024, Chengtong Financial Leasing (an indirect wholly-owned subsidiary of the company) entered into a sale-leaseback agreement with the lessee (China Merchants Shekou Industrial Zone Holdings Co., Ltd. (001979.SZ)). According to this, Chengtong Financial Leasing will purchase leased assets from the lessee and lease back to the lessee. The lease period is 4 years, but it can be terminated early in accordance with the terms and conditions of the sale-leaseback agreement.
Leased assets refer to certain port equipment such as mobile piers, fixed cranes, and flood-proof gate system equipment.