Kong Sun Holdings Limited (HK:0295) has released an update.
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Kong Sun Holdings Limited has announced a finance lease agreement where Shenzhen Financial Leasing will purchase assets from Suzhou Xuqiang for RMB85 million and lease them back over 13 years. This arrangement, deemed a discloseable transaction under Hong Kong’s listing rules, involves the transfer of legal ownership of the leased assets to Shenzhen Financial Leasing during the lease period. Upon completion of payments and a nominal fee, ownership will revert to Suzhou Xuqiang.
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