CHINA CHENGTONG (00217) enters into a post-sale and leaseback agreement for certain photovoltaic power generation equipment and other related equipment.
China Chengtong Development Group (00217) announced that on October 16, 2025, Chengtong Financing Leasing (public...
CHINA CHENGTONG (00217) announced that on October 16, 2025, Chengtong Financial Leasing (an indirectly wholly-owned subsidiary) entered into a sale and leaseback agreement with lessee Huadian Datong New Energy Co., Ltd. Under this agreement, Chengtong Financial Leasing will purchase leased assets from the lessee and then lease them back to the lessee for a period of 1 year, with the option to terminate early based on the terms and conditions of the agreement.
The leased assets include several photovoltaic power generation equipment.
The sale and leaseback arrangement is part of the regular and routine business operations of Chengtong Financial Leasing, and it is expected that Chengtong Financial Leasing will earn approximately 1.02 million yuan in income from the leasing interest related to this sale and leaseback arrangement.
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