Chengtong Financial Leasing, a Subsidiary of China Chengtong Development Group, Enters Sale and Leaseback Agreements

Reuters
Aug 29
Chengtong Financial Leasing, a Subsidiary of <a href="https://laohu8.com/S/00217">China Chengtong</a> Development Group, Enters Sale and Leaseback Agreements

Chengtong Financial Leasing, an indirect wholly-owned subsidiary of China Chengtong Development Group Ltd., has recently entered into significant Sale and Leaseback Agreements with Co-Lessees. This strategic move involves Chengtong Financial Leasing collaborating with Lessee I and Lessee II, both of which are wholly-owned subsidiaries of China Railway Construction. Lessee I is focused on financing services, project investment, and asset management, while Lessee II operates in real estate development, agency, consulting, and valuation. This arrangement highlights Chengtong Financial Leasing's active role in enhancing financial and operational synergies within the Group's subsidiaries.

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