CHINA CHENGTONG (00217) Subsidiary Enters into Sale and Leaseback Agreement with Shaoxing's Rail Transit Construction Investment

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Jan 13

On January 13, 2026, Chengtong Financial Leasing, an indirect wholly-owned subsidiary of CHINA CHENGTONG DEVELOPMENT GROUP (00217), entered into a sale and leaseback agreement with the lessee, Shaoxing Keqiao District Hangzhou-Shaoxing Intercity Rail Transit Construction Investment Co., Ltd. Pursuant to the agreement, Chengtong Financial Leasing will acquire the leased assets from the lessee and subsequently lease these assets back to them. The lease term is set for a duration of three years, although it may be terminated earlier based on the specific terms and conditions outlined in the sale and leaseback agreement. The leased assets refer to a range of equipment, including certain power supply systems and high/low voltage complete distribution equipment.

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