SPT ENERGY's subsidiary has signed a financing lease agreement for oil and gas extraction equipment in Xinjiang
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SPT ENERGY signed a financing lease agreement with Zhongguancun Science and Technology Leasing Co., Ltd., involving oil and gas extraction equipment in Xinjiang. In the agreement, the lessee will sell its own assets to the lessor for RMB 14 million and lease them back for 36 months, with a total lease payment of RMB 15.5787 million. This transaction aims to enhance the lessee's liquidity and working capital situation, and the funds will be used to repay bank loans, purchase equipment, and increase working capital
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