ZGC Sci-Tech to Buy to Lease Back Lithium Battery System

MT Newswires Live

10/22

Zhongguancun Science-Tech Leasing (HKG:1601) will buy to lease back a lithium battery production logistics line system from Jiangxi Far East Lithium Battery for 30 million yuan, a Wednesday Hong Kong bourse filing said.

The finance leasing company will then lease the assets back to the lessee for 36 months for a total finance lease payment of over 32.5 million yuan.

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