Shougang Concord’s Major Green Finance Lease Deal

Shougang Concord Grand (Group) Limited (HK:0730) has released an update.

Shougang Concord Grand (Group) Limited has entered into a major finance lease agreement with Shougang Group, offering credit facilities up to approximately HK$3.656 billion for various EMC Projects. The deal, significant enough to require independent shareholder approval, aligns with China’s dual-carbon targets and financial policies supporting green development. Shareholders are to be briefed in detail through a forthcoming circular ahead of a special general meeting.

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