ZGC Tec Leasing (01601.HK) announced that on last Friday (25th), it entered into a financing lease agreement with Fuzhou Liangnong Agricultural and Forestry Waste Heat Power Generation.

According to the lease agreement, ZGC Tec Leasing will purchase the biomass power generation equipment of Fuzhou Liangnong Agricultural and Forestry Waste Heat Power Generation. The transfer price is 0.1 billion yuan (RMB); and ZGC Tec Leasing will lease the assets back to Fuzhou Liangnong Agricultural and Forestry Waste Heat Power Generation, with a lease term of 60 months. The total lease payment is approximately 0.117 billion yuan, including the financing lease principal of 0.1 billion yuan, and the financing lease interest income of approximately 17.6851 million yuan. (js/w)

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