CHINA CHENGTONG (00217.HK): Subsidiary Enters Sale and Leaseback Arrangement with Purchase Price of RMB 170 Million
- The leased assets comprise polysilicon PV modules, module array brackets and accessories, inverters, transformers and cast-in-place piles, with an appraised value of approximately RMB 209.87 million, and the purchase price represents approximately 81.00% of that value.
- Total lease payments are estimated at approximately RMB 177.81 million, payable in eight quarterly instalments, of which lease interest is estimated at approximately RMB 7.81 million.
NewTimeSpace News: On 17 September 2026, China Chengtong Development Group Limited (stock code: 00217) announced that its indirectly wholly-owned subsidiary, Chengtong Finance Leasing Co., Ltd., entered into a sale and leaseback agreement with the lessee, Shaanxi Dingbian Solar Power Generation Co., Ltd., under which Chengtong Finance Leasing will purchase the leased assets at a total purchase price of RMB 170 million (equivalent to approximately HKD 197.2 million) and lease them back to the lessee for a term of two years from the date of payment of the purchase price, subject to early termination under the agreement.
The leased assets comprise polysilicon photovoltaic modules, module array brackets and accessories, inverters, transformers and cast-in-place piles. The valuer assessed the leased assets at approximately RMB 209.87 million (equivalent to approximately HKD 243.45 million) as at 4 August 2026 using the cost approach, and the purchase price represents approximately 81.00% of the appraised value. Total lease payments are estimated at approximately RMB 177.81 million (equivalent to approximately HKD 206.26 million), payable by the lessee in eight quarterly instalments, of which lease interest is estimated at approximately RMB 7.81 million (equivalent to approximately HKD 9.06 million). The lessee has agreed to pledge its receivables, including the purchase price of RMB 170 million, to Chengtong Finance Leasing as security for all sums payable under the agreement.
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