BAIYING HOLDING (08525) enters into a financing lease agreement with Longjiang.

date
18/06/2025
avatar
GMT Eight
Baiying Holdings (08525) issued an announcement on June 18, 2025, that the Buyer (the Company's indirect wholly-owned subsidiary...)
BAIYING HOLDING (08525) announced that on June 18, 2025, the buyer (the indirect wholly-owned subsidiary Xiamen Baiying Financing Lease Co., Ltd. of the Company) entered into a sale and leaseback transaction with Heilongjiang Transport Development Co., Ltd. (Longjiang). According to the financing lease agreement, the buyer agrees to purchase leaseback assets from Longjiang for a price of RMB 25 million, and lease the assets back to Longjiang for a period of 36 months, receiving lease payments as a return. The leaseback assets include 4 sets of distribution equipment, 120 sets of ventilation equipment, and 2 diesel generators.