CHINA CHENGTONG Development signs a sale-leaseback agreement, earning revenue of 21.17 million RMB

CHINA CHENGTONG Development Group (00217.HK) announced that it has entered into a sale and leaseback agreement with independent third parties Hebei JingTang Industrial Technology and China 22nd Metallurgical Group, involving several construction machinery and auxiliary equipment, with a purchase price of 220 million RMB, a lease term of three years, and a total lease amount of approximately 236 million RMB. It is expected to earn revenue of 21.17 million RMB, which is the leasing interest from the sale and leaseback arrangement