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An update from Zhongguancun Science-Tech Leasing Co. Ltd. Class H ( (HK:1601) ) is now available.
Zhongguancun Science-Tech Leasing Co., Ltd. has entered into a new finance lease agreement with an independent PRC company engaged in the production of lithium-ion and high-energy storage batteries, underscoring its focus on financing advanced manufacturing and energy storage equipment. Under the latest deal, the company will acquire energy storage production equipment with a net book value of about RMB20.41 million from the lessee for RMB19 million and lease it back for 12 months for total payments of roughly RMB19.48 million, generating around RMB0.48 million in interest income. Aggregated with two earlier lease agreements over the past year involving entities under the same ultimate beneficial owner, the transaction reaches a size that classifies it as a discloseable transaction under Hong Kong listing rules, highlighting the growing contribution of such structured leaseback deals to the company’s business and its compliance obligations to investors.
More about Zhongguancun Science-Tech Leasing Co. Ltd. Class H
Zhongguancun Science-Tech Leasing Co., Ltd. is a PRC-incorporated financial leasing company that provides finance lease services, primarily supporting industrial and technology-related enterprises through equipment-based leasing solutions in the Chinese market.
Average Trading Volume: 118,437
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.39B
Find detailed analytics on 1601 stock on TipRanks’ Stock Analysis page.