China Chengtong Development Group (00217.HK) has entered into a sale and leaseback agreement with Pingding Power Plant, a subsidiary of State Grid Corporation of China, for Wangping Power Plant in Shanxi.

Smart Finance News, China Chengtong Development Group (00217.HK) announced that on June 26, 2026, Chengtong Financing Lease (an indirectly wholly-owned subsidiary of the company) entered into a sale and leaseback agreement with the lessee (Jinkong Electric Power Shanxi Guodian Wangping Power Generation Co., Ltd.). According to this agreement, Chengtong Financing Lease will purchase leased assets from the lessee and then lease them back to the lessee. The lease term is 4 years, but may be terminated early based on the terms and conditions of the sale and leaseback agreement. The leased assets include several thermal power generation equipment, including electric feedwater pumps, distribution equipment, and primary coal crushers.