Meilan Airport (00357) announced that after the trading session on June 12, 2024, the company signed a post-sale leaseback agreement with CCB Financial Leasing Corporation. According to the agreements, CCB Financial will purchase lease assets from the company for a total price of RMB 500 million (Agreement I) and RMB 300 million (Agreement II) and lease them back to the company for a period of about 120 months in return for rental payments.
Zhixun Finance APP News, Meilan Airport (00357) announced that after the trading session on June 12, 2024, the company signed a post-sale leaseback agreement with CCB Financial Leasing Corporation. According to the agreements, CCB Financial will purchase lease assets from the company for a total price of RMB 500 million (Agreement I) and RMB 300 million (Agreement II) and lease them back to the company for a period of about 120 months in return for rental payments.
It is reported that the leased assets are various airport operation equipment inside the Terminal 2 building at Meilan Airport.
The announcement stated that the sale and leaseback agreement is a financing arrangement that will enable the company to further optimize its cash flow, expand its financing channels, further supplement the company's operating funds, and allow the company to continue to use the leased assets.