China Chengtong Development Group (00217.HK) subsidiary signs a post-sale leaseback agreement.

Zhixin Finance APP news, China Chengtong Development Group (00217.HK) announced that on August 29, 2025, Chengtong Finance Leasing (an indirect wholly-owned subsidiary of the company) and co-lessees (China Railway Real Estate Group Beijing Investment Management Co., Ltd., Guangzhou Nansha China Railway Industry Development Co., Ltd.) entered into a sale and leaseback agreement. Under this agreement, Chengtong Finance Leasing has agreed to purchase leased assets from the co-lessees and then lease them back to the co-lessees. The lease term is for 3 years, but it can be terminated early according to the terms and conditions of the sale and leaseback agreement.