According to the Zhitong Finance App, Societe Generale Holdings (00132) announced that on May 16, 2024, the company's subsidiary Lujin Leasing entered into a financial lease with the tenant Yili Clean Energy Technology (Suqian) Co., Ltd., to obtain ownership of the assets at the cost of RMB 50 million. Such assets will be leased back to the lessee for use and possession for a period of five years. The total payment for the financial lease is approximately RMB 61.755 million.
According to reports, the assets include the lessee's designated heat transfer equipment and facilities located in Suqian City, Jiangsu Province, China.