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SPT Energy Group Announces New Finance Lease Arrangement

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SPT Energy Group Announces New Finance Lease Arrangement

SPT Energy Group ( (HK:1251) ) has shared an announcement.

SPT Energy Group Inc. has announced a new finance lease arrangement involving its indirect subsidiary, Lessee 5, and Haier Financial Services. This agreement, Finance Lease Agreement C, involves the sale and leaseback of oil and gas field operation equipment valued at RMB13,300,000, with a total lease payment of RMB14,075,434 over a 24-month period. The transaction is considered a discloseable transaction under Hong Kong’s Listing Rules, reflecting the company’s strategic financial maneuvers to optimize asset management.

More about SPT Energy Group

SPT Energy Group Inc. is a company incorporated in the Cayman Islands, focusing on the energy sector, particularly in oil and gas field operation equipment and tools.

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $21.86M

For an in-depth examination of 1251 stock, go to TipRanks’ Stock Analysis page.

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