CHINA CHENGTONG (00217) Subsidiary Enters into Leasing Asset Transfer Agreement

Stock News
Sep 17

CHINA CHENGTONG (00217) announced that on September 17, 2025, Chengtong Financial Leasing (an indirect wholly-owned subsidiary of the company) entered into a leasing asset transfer agreement with co-lessees (China Kangfu International Leasing Co., Ltd. and Fuhong Capital (Hunan) Financial Leasing Co., Ltd.). Under the agreement, Chengtong Financial Leasing will purchase leasing assets from the co-lessees and lease the relevant assets back to the co-lessees for the respective lease terms, subject to early termination in accordance with the terms and conditions of the leasing asset transfer agreement. The leasing assets include various automobiles, aerial work platforms, scissor lifts, tractors, semi-trailers, batteries, charging piles, and other equipment.

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