---
title: "Concord New Energy strikes $158.5m leaseback deal with industrial bank"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288205649.md"
description: "Concord New Energy Group Limited has entered into a finance lease arrangement with Industrial Bank Financial Leasing for the purchase and leaseback of energy assets valued at approximately $158.5 million. The transaction involves leasing back assets from its subsidiary for 14 years, with quarterly payments based on a floating interest rate. Total estimated payments are $195.7 million. This deal is subject to shareholder approval under Hong Kong Listing Rules."
datetime: "2026-06-01T03:05:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288205649.md)
  - [en](https://longbridge.com/en/news/288205649.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288205649.md)
generator: "portal-rs"
---

# Concord New Energy strikes $158.5m leaseback deal with industrial bank

**The lessee will make quarterly lease payments under a floating interest rate.**

Concord New Energy Group Limited (CNE) has entered into a finance lease arrangement with Industrial Bank Financial Leasing involving the purchase and leaseback of energy assets worth about $158.5m (RMB840m).

The group said in a Singapore Exchange filing that Industrial Bank Financial Leasing will purchase the leased assets from Fengning Manchu Autonomous County Juting New Energy Development Co., Ltd., a wholly owned subsidiary of CNE, and lease them back for 14 years.

The lessee will make quarterly lease payments under a floating interest rate set at the market rate minus 0.25 percentage points.

Total lease payments are estimated at about $195.7m (RMB1.04b), assuming a market rate of 3.5%.

The transaction falls under Chapter 14 of the Hong Kong Listing Rules and requires shareholder approval.

*(SG$1 = RMB5.30)*

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**