China Glass Holdings Limited (HK:3300) has released an update.
China Glass Holdings Limited has announced a finance lease transaction with Fujian Longtai, involving the sale and leaseback of assets valued at RMB200 million. The agreement will see Fujian Longtai make lease payments totaling approximately RMB210.2 million over two years, with the transaction classified as discloseable, thus requiring notification and announcement but not shareholders’ approval.
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