China Development Bank Financial Leasing (HKG:1606) entered into a finance lease arrangement with lessee Fuping Zhongrui New Energy, according to a Tuesday Hong Kong bourse filing.
The company agreed to entrust the lessee to purchase certain photovoltaic power station equipment and ancillary facility assets in China from China Energy Engineering Group Guangdong Thermal Power Engineering.
The company will then buy the assets for 1.51 billion yuan and lease them back to the lessee for 216 months for 2.06 billion yuan.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.