CHANGMAO BIO's subsidiary signs a sale-leaseback contract for the machinery and equipment of the phthalic anhydride production line
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CHANGMAO BIO's wholly-owned subsidiary Changmao Dalian signed a sale-leaseback agreement with Changzhou Xinhui Financing Leasing Co., Ltd., involving maleic anhydride production line machinery and equipment. Changmao Dalian transferred leasing assets for approximately 50 million yuan and leased them back for approximately 57.531 million yuan, with a lease term of 48 months. Upon expiration of the lease term, if there is no default, the lessor will transfer the ownership of the assets back to Changmao Dalian in their current condition
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