CHINA CHENGTONG (00217) subsidiary enters into a sale-leaseback agreement with Huadian Datong New Energy.
China Chengtong Development Group (00217) announced that on April 13, 2026, Chengtong Financial Leasing (an indirectly wholly-owned subsidiary of the company) entered into a sale and leaseback agreement with the lessee (Huadian Datong New Energy Co., Ltd.). According to this agreement, Chengtong Financial Leasing will purchase leased assets from the lessee and lease them back to the lessee. The lease term is 2 years, but it can be terminated early according to the terms and conditions of the sale and leaseback agreement. The leased assets refer to several photovoltaic power generation equipment and prefabricated substations.
China Chengtong (00217) announced that on April 13, 2026, Chengtong Finance Leasing (an indirectly wholly-owned subsidiary of the company) entered into a sale-leaseback agreement with the lessee (Huadian Datong New Energy Co., Ltd.). According to this agreement, Chengtong Finance Leasing will purchase leased assets from the lessee and then lease these assets back to the lessee for a period of 2 years, with the option to terminate early based on the terms and conditions of the sale-leaseback agreement. The leased assets include several photovoltaic power generation equipment and box-type substations.
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