Shandong Molong Petroleum Machinery (00568) plans to carry out finance leasing business.
Shandong Molong Petroleum Machinery (00568) announced that, in order to revitalize existing assets, enhance the value in use of assets, improve asset liquidity, and expand the company's financing channels, the company plans to act as lessee and use certain production equipment it owns as lease subject matter to carry out sale-and-leaseback financing transactions with Weifang Guoxin Financial Leasing Co., Ltd. and Jiangsu Financial Leasing Co., Ltd. respectively. The financing amount for each of the two transactions shall not exceed RMB 50 million, and the term of each shall not exceed 36 months. The specific contents of the finance leasing matters, including the relevant lease interest rate, rent, and payment method, shall be subject to the agreements actually signed.
Shandong Molong Petroleum Machinery (00568) announced that, in order to revitalize existing assets, enhance the value in use of assets, improve asset liquidity, and expand the company's financing channels, the company plans to act as lessee and use certain production equipment it owns as lease subject matter to carry out sale-and-leaseback financing transactions separately with Weifang Guoxin Financial Leasing Co., Ltd. and Jiangsu Financial Leasing Co., Ltd. The financing amount for each of the two transactions shall not exceed RMB 50 million, and the term of each shall not exceed 36 months. Specific details of the financial leasing matters, including the relevant lease interest rate, rent, and payment methods, shall be subject to the agreements actually signed.
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