tiprankstipranks
China Water Industry Announces New Lease Deal
Company Announcements

China Water Industry Announces New Lease Deal

China Water Industry Group Limited (HK:1129) has released an update.

Don't Miss our Black Friday Offers:

China Water Industry Group Limited has announced a finance lease arrangement where its subsidiary has sold assets to Greengold Leasing and then leased them back, with the latest transaction involving a purchase price of RMB6,000,000. The lease agreement includes a 6.35% annual interest rate over a 60-month period. This series of transactions is classified as a discloseable transaction according to the Listing Rules, due to the cumulative percentage ratio exceeding 5%.

For further insights into HK:1129 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App