Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Zhongguancun Science-Tech Leasing Co. Ltd. Class H ( (HK:1601) ) has shared an update.
Zhongguancun Science-Tech Leasing Co., Ltd. has entered into a sale-and-leaseback finance lease agreement with an independent PVC protective gloves manufacturer in China, under which it will purchase a PVC glove production line for RMB100 million and lease it back to the client for 24 months. The total lease payments will amount to approximately RMB105.26 million, including about RMB5.26 million in interest income, with quarterly instalments, and the lessee will have the right to repurchase the assets for a nominal RMB100 upon full performance of its obligations. Classified as a discloseable transaction under Hong Kong listing rules, the deal reflects the company’s ongoing deployment of working capital into revenue-generating leasing assets, reinforcing its role in equipment financing for industrial customers while adhering to arm’s length pricing based on asset book value and prevailing market rates.
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 equipment-based finance lease solutions to corporate clients. The company structures sale-and-leaseback arrangements and other leasing products to support clients’ capital needs while earning interest income from its leasing portfolio.
Average Trading Volume: 116,793
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.39B
Find detailed analytics on 1601 stock on TipRanks’ Stock Analysis page.