Zhongguancun Science-Tech Leasing (HKG:1601) agreed to buy and lease back production equipment from Wuxi Langshion Lightweight Technology for 49 million yuan, according to a Hong Kong bourse filing.
The leased assets, including laser cutting machines used to produce thermoformed parts, with a net book value of about 56.2 million yuan, will be leased back to the lessee for 36 months, with a total finance lease payment of 54.4 million yuan.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.