Zhongguancun Science-Tech Leasing (HKG:1601) has entered into a finance lease agreement with Wuhu Weixian Intelligent Technology covering the purchase and leaseback of OLED production equipment, according to a Monday Hong Kong bourse filing.
Shares of the leasing company fell 5% in Tuesday's trade.
The company will acquire the equipment for 10 million yuan and lease it back to Wuhu Weixian over 18 months. Total finance lease payments will be about 10.5 million yuan, including 540,000 yuan in interest income with VAT.
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