Concord New Energy Group (HK:0182) has released an update.
Concord New Energy Group Limited has entered a significant finance lease arrangement post-trading on June 24, 2024, involving a transaction where the company sold equipment to a financier for RMB 360 million and then leased it back. This deal is categorized as a discloseable transaction, as per the Listing Rules, due to its size, and necessitates public notification. The agreement was based on arm’s length negotiations and is subject to various conditions, including insurance and regulatory changes.
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