XXF Enters Auto Sale-and-Leaseback Agreement

MT Newswires Live

06/23

XXF Group (HKG:2473) said it entered a sale and leaseback arrangement with Guangxi Tongsheng Financial Leasing involving certain automobiles, according to a Monday filing with the Hong Kong bourse.

Under the agreement, the firm will sell the automobiles to Tongsheng Financial for 4.98 million yuan and lease them back from the company for 5.2 million yuan for a 24-month period.

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