Shandong Molong Petroleum Machinery Company Limited (00568) has announced plans to enter into a financing lease agreement with Bangyin Financial Leasing Co., Ltd. to diversify its funding sources and optimize its financing structure. The move aims to address the company's operational capital requirements. Under the proposed arrangement, which will adopt a direct leasing model, the financing amount will not exceed RMB 60 million, with a term of up to 36 months. Specific details, including lease interest rates, rental payments, and payment methods, will be finalized in the officially signed contract.
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