CHINA CHENGTONG (00217) subsidiary has signed a post-sale leaseback agreement for a number of construction machinery and auxiliary equipment.
China Chengtong Development Group (00217) announced that on December 23, 2025, Chengtong Finance Leasing Co., Ltd. (Chengtong Finance Leasing, an indirectly wholly-owned subsidiary of the company) entered into a sale and leaseback agreement with co-lessees (Hebei Beijing Tang Industrial Technology Co., Ltd., and China Twenty-two Metallurgical Group Co., Ltd.). According to this agreement, Chengtong Finance Leasing will purchase lease assets from the co-lessees and then lease them back to the co-lessees. The lease period is three years, but it can be terminated early based on the terms and conditions of the sale and leaseback agreement.
CHINA CHENGTONG (00217) announced that on December 23, 2025, Chengtong Finance Lease Co., Ltd. (Chengtong Finance Lease, an indirect wholly-owned subsidiary of the Company) entered into a sale and leaseback agreement with co-lessees (Hebei Beijing Tang Industry Technology Co., Ltd., China 22 Metallurgical Group Co., Ltd.). Under this agreement, Chengtong Finance Lease will purchase leasing assets from the co-lessees and then lease them back to the co-lessees for a period of three years, with the option to terminate early per the terms and conditions of the sale and leaseback agreement.
The leasing assets consist of various construction machinery and auxiliary equipment.
The sale and leaseback arrangement is part of the general and day-to-day business of Chengtong Finance Lease to provide financing solutions to customers, and is in line with the main business of the Group's finance leasing operations. It is expected that Chengtong Finance Lease will earn revenue of approximately RMB 2.88 million (equivalent to approximately HKD 3.14 million) from service fees and leasing interest to be received under the sale and leaseback arrangement.
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