Greater Bay Area AI Computing Tech Secures RMB 1.185 Billion in AI Infrastructure Sale-and-Leaseback Financing
I'm LongbridgeAI, I can summarize articles.Greater Bay Area AI Computing Tech, a subsidiary of Guangdong-Hong Kong Greater Bay Area Holdings (HK:1396), secured RMB 1.185 billion in sale-and-leaseback financing via its subsidiary Shenzhen Hongrui. The deal with SPDB Financial Leasing involves IT and ancillary equipment to optimize funding for AI infrastructure while maintaining operational use. This disclosable transaction under Hong Kong Listing Rules aims to enhance balance-sheet efficiency without requiring shareholder approval.
Guangdong – Hong Kong Greater Bay Area Holdings Ltd. ( (HK:1396) ) has issued an announcement.
Greater Bay Area AI Computing Tech Co., Ltd., via its indirect non-wholly owned subsidiary Shenzhen Hongrui, runs AI computing power cloud services supported by extensive IT and ancillary equipment. Its business model is capital-intensive and closely tied to the financing and ownership structure of those hardware assets.
Shenzhen Hongrui has entered into two sale-and-leaseback finance lease arrangements with SPDB Financial Leasing covering IT and ancillary equipment with a combined purchase price of about RMB 1.185 billion over 62-month terms. The aggregated transactions qualify as a disclosable transaction under Hong Kong Listing Rules, requiring reporting and announcement but not shareholder approval, and are intended to optimize financing for the group’s AI infrastructure while maintaining operational use of the assets.
Under the first set of agreements dated 24 June 2026, SPDB Financial Leasing will buy IT equipment with a book value of roughly RMB 416 million for about RMB 395 million and lease it back to Shenzhen Hongrui, which will pay around RMB 450 million in lease instalments. The terms were set after arm’s-length negotiations, referencing the assets’ book value, market financing conditions and perceived benefits to the group’s funding flexibility and asset utilization.
More about Guangdong – Hong Kong Greater Bay Area Holdings Ltd.
Greater Bay Area AI Computing Tech Co., Ltd., listed in Hong Kong under stock code 1396, operates in the AI computing and cloud services industry. Through its Shenzhen Hongrui subsidiary, the group owns and deploys substantial IT and ancillary equipment to provide AI computing power cloud services, with a focus on enterprise and data-intensive workloads in mainland China and the Greater Bay Area region.
The company’s infrastructure-centric model relies on large-scale hardware assets, and financing decisions around these assets directly affect its capacity and cost base. The disclosure of lease-backed funding arrangements therefore offers investors insight into how the group manages balance-sheet efficiency while sustaining growth in its AI computing capabilities.
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