China Glass Initiates Major Finance Lease Arrangement

China Glass Holdings Limited (HK:3300) has released an update.

China Glass Holdings Limited has announced a finance lease arrangement involving Suqian CNG, where a lessor will purchase assets worth RMB100 million and lease them back for RMB105 million over 24 months. This transaction, characterized by an arm’s length negotiation and a 4.4% interest rate, is significant enough to require notification and announcement under Hong Kong’s listing rules.

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