CHINA CHENGTONG (00217) Subsidiary Enters into Sale-Leaseback Agreements

Stock News
Aug 26

CHINA CHENGTONG (00217) announced that on August 26, 2025, Chengtong Financial Leasing (an indirect wholly-owned subsidiary of the Company) entered into agreements with Dancheng and First Metallurgical as joint lessees for the Dancheng and First Metallurgical Agreement, and with Songxi and First Metallurgical as joint lessees for the Songxi and First Metallurgical Agreement. Under these agreements, Chengtong Financial Leasing agrees to purchase leased assets from the relevant lessees and lease the assets back to them for a term of 3 years, with possible early termination according to the terms and conditions of the respective sale-leaseback agreements. The leased assets arranged by Dancheng and First Metallurgical include various hydraulic tracked cranes, tracked cranes, and earthmoving equipment. The leased assets arranged by Songxi and First Metallurgical include various hydraulic tracked cranes and tracked cranes.

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