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Zhongguancun Science-Tech Leasing Co. Ltd. Class H ( (HK:1601) ) has shared an announcement.
Zhongguancun Science-Tech Leasing has entered into a second sale-and-leaseback finance lease with a Chinese mining services company, acquiring a portfolio of excavators, mining trucks and related equipment for RMB40 million and leasing them back over 18 months for total payments of about RMB41.76 million, including RMB1.76 million in interest. Together with a similar RMB45 million transaction agreed in September with the same lessee, the aggregated deals exceed the 5% threshold under Hong Kong listing rules, classifying them as discloseable transactions that must be publicly announced, and underscoring the company’s ongoing push to grow its leasing book in the coal-mining services equipment segment while generating interest income from structured equipment-based financing.
More about Zhongguancun Science-Tech Leasing Co. Ltd. Class H
Zhongguancun Science-Tech Leasing Co., Ltd. is a PRC-incorporated financial leasing company listed in Hong Kong, focusing on providing finance lease solutions as lessor, including sale-and-leaseback arrangements for corporate clients that use capital-intensive equipment such as excavators, mining trucks and related heavy machinery.
Average Trading Volume: 118,437
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.39B
For detailed information about 1601 stock, go to TipRanks’ Stock Analysis page.