China Chengtong Development Group (00217.HK) subsidiary enters into a post-sale leaseback agreement with Zhongan Union Coal

Zhtng Financial News APP, China Chengtong Development Group (00217.HK) issued an announcement on September 12, 2025. Chengtong Finance Lease (an indirect wholly-owned subsidiary of the company) entered into a sale and leaseback agreement with the lessee (Zhong'an Joint Coal Chemical Co., Ltd.). According to this agreement, Chengtong Finance Lease will purchase the leased assets from the lessee and then lease them back to the lessee. The lease term is 3 years, but may be terminated earlier in accordance with the terms and conditions of the sale and leaseback agreement.