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Zhongguancun Science-Tech Leasing Co. Ltd. Class H ( (HK:1601) ) just unveiled an update.
Zhongguancun Science-Tech Leasing Co., Ltd. has entered into a new finance lease agreement with an independent Chinese company engaged in the production of battery negative electrode materials, under which it will purchase the lessee’s negative electrode material production equipment for RMB40 million and lease it back for 12 months, generating total lease payments of about RMB41.15 million. The transaction, aggregated with a prior similar finance lease within 12 months, reaches a size that classifies it as a discloseable transaction under Hong Kong listing rules, underscoring the company’s ongoing push to expand its leasing portfolio in advanced manufacturing equipment while adhering to regulatory disclosure requirements and potentially enhancing its interest income and asset utilisation over the short term.
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 that provides finance lease services, primarily supporting industrial and technology enterprises through equipment-based leasing and sale-and-leaseback structures in the mainland China market.
Average Trading Volume: 116,793
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.39B
See more insights into 1601 stock on TipRanks’ Stock Analysis page.