MT Newswires05-29 20:02
Concord New Energy (HKG:0182, SGX:SEG) unit Fengning Manchu Autonomous County Juting New Energy Development will sell to lease back certain assets to Industrial Bank Financial Leasing for 840 million yuan, according to a Friday Hong Kong bourse filing.
The assets, comprising certain auxiliary facilities and solar power and energy storage equipment for a power station, will then be leased back to the lessee for 14 years for roughly 1.04 billion yuan.
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