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A subsidiary of China Chengtong Development Group (00217) signed a sale-leaseback agreement with Hubei Kangxin New Material Technology

Zhitongcaijing·12/17/2025 12:25:15
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Zhitong Finance App News, China Chengtong Development Group (00217) issued an announcement. On December 17, 2025, Chengtong Financial Leasing (an indirect wholly-owned subsidiary of the company) signed a sale-leaseback agreement with the lessee (Hubei Kangxin New Material Technology Co., Ltd.). According to this, Chengtong Financial Leasing will purchase leased assets from the lessee and lease back to the lessee for a period of 3 years, but it can be terminated early in accordance with the terms and conditions of the sale-leaseback agreement. Leased assets refer to production machinery and equipment.