China Chengtong Development Group (00217.HK) subsidiary signed a post-sale leaseback agreement with Zhoushan Center Fishery Port Development.

According to the news from the Zhitong Finance and Economics APP, China Chengtong Development Group (00217.HK) announced that on April 29, 2026, Chengtong Financing Leasing (an indirectly wholly-owned subsidiary of the company) and the lessee (Zhoushan Central Fishery Port Development Co., Ltd.) entered into a sale and leaseback agreement. Under this agreement, Chengtong Financing Leasing will purchase leasing assets from the lessee and then lease them back to the lessee. The lease term is for 3 years, but it can be terminated early according to the terms and conditions of the sale and leaseback agreement. The leasing assets refer to port berth equipment, oil and gas facilities, etc.