China Glass Holdings Limited (HK:3300) has released an update.
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China Glass Holdings Limited has entered into a finance lease agreement with a lessor, selling and leasing back assets for RMB100 million and RMB106.6 million respectively, across a 36-month period. The transaction, which involves asset values appraised at approximately RMB118.5 million, is significant enough to require a formal announcement but does not necessitate shareholder approval according to the Listing Rules. This strategic financial maneuver is aimed at optimizing the company’s asset management and cash flow.
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