China Chengtong Development Group (00217.HK) signs lease asset transfer agreement with China Electric Construction Leasing.

Wisdom Financial APP News, China Chengtong Development Group (00217.HK) announced that on August 8, 2025, Chengtong Financing Leasing (an indirect wholly-owned subsidiary of the company) entered into a leasing asset transfer agreement with China Electric Power Construction Leasing. China Electric Power Construction Leasing agreed to transfer and transfer the transferred property to Chengtong Financing Leasing, at an expected price of 380 million RMB (equivalent to 414 million HKD), subject to the actual transfer date. From the transfer date, Chengtong Financing Leasing will have the right to directly collect all lease payments and other outstanding and payable amounts under the Shaanxi Sale and Leaseback Agreement from the Shaanxi lessee.