Gelonghui November 24 | Kangda Environmental (06136.HK) announced that on November 24, 2023, the lessee (an indirect wholly-owned subsidiary of the company) and the lessor entered into a financial lease agreement. According to this, the lessor agreed to buy ownership of the assets from the lessee for RMB 100 million. The relevant assets will then be leased back to the lessee for use and possession for a period of 6 years.
The assets include a sewage treatment facility located in Zibo, Shandong, China.