CAPITAL IND FIN(00730) intends to sell its accounts receivable.
(00730) announced that on January 9, 2025, Southern Leasing (a company indirectly partially owned by...)
CAPITAL IND FIN (00730) announced that on January 9, 2025, Southern Leasing (an indirectly owned non-wholly owned subsidiary) entered into a sales agreement with the buyer (Sichuan XinhuanjiuFinance Leasing Co., Ltd.), whereby Southern Leasing agreed to sell and the buyer agreed to purchase accounts receivable for a price not exceeding RMB 300 million. The amount of accounts receivable sold by Southern Leasing to the buyer and the proceeds from the sale will be calculated on an equal basis. The Group plans to use the proceeds for general operating funds.
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