China Chengtong (00217) Subsidiary Enters Sale-Leaseback Agreement with Zhongan United Coal Chemical

Stock News

09/12

CHINA CHENGTONG (00217) announced that on September 12, 2025, Chengtong Financial Leasing (an indirect wholly-owned subsidiary of the company) entered into a sale-leaseback agreement with the lessee (Zhongan United Coal Chemical Co., Ltd.). Under the agreement, Chengtong Financial Leasing will purchase leasing assets from the lessee and lease the assets back to the lessee for a term of 3 years, which may be terminated early according to the terms and conditions of the sale-leaseback agreement. The leasing assets refer to coal-to-olefin production equipment, including flare systems, power systems, separation towers, and other equipment.

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Under the agreement, Chengtong Financial Leasing will purchase leasing assets from the lessee and lease the assets back to the lessee for a term of 3 years, which may be terminated early according to the terms and conditions of the sale-leaseback agreement. 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