SHANDONG MOLONG (00568) Plans to Launch Financing Lease Business

Stock News
Sep 29

SHANDONG MOLONG (00568) announced that to revitalize existing assets, enhance asset utilization value, improve asset liquidity, and expand the company's financing channels, the company intends to use part of its machinery and equipment as lease assets to conduct sale-and-leaseback financing business with Chengtai Financial Leasing (Tianjin) Co., Ltd. The financing amount will not exceed RMB 80 million, with a lease term not exceeding 36 months. During the lease period, the company will continue to use the production equipment through the sale-and-leaseback arrangement. Upon expiration of the lease term as stipulated in the contract, ownership of the underlying assets will be transferred back to the company.

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