China Glass Holdings Limited (HK:3300) has released an update.
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China Glass Holdings Limited has entered into a finance lease agreement with Fujian Longtai, selling their leased assets for RMB 120 million and leasing them back for 20 months with payments totaling RMB 126.7 million. This transaction is significant enough to require public disclosure but does not necessitate shareholder approval. The lease agreement includes a variable interest rate tied to the loan prime rate plus 1.3%, adjusted annually.
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