CDB Leasing (China Development Bank Financial Leasing Co., Ltd.) has entered into a finance lease agreement with Mulei Jieneng New Energy Co., Ltd., acquiring and leasing back wind power equipment and ancillary facilities located in the Xinjiang Uygur Autonomous Region.
Under the contract signed on 20 April 2026, CDB Leasing will purchase the assets from Mulei Jieneng for RMB1.00 billion and immediately lease them back to the seller for a 204-month term. The lessee retains possession, usage and economic benefits during the lease period and may repurchase the assets for RMB100 upon expiry.
Total lease payments comprise a principal equal to the purchase price of RMB1.00 billion and lease interest of approximately RMB276.00 million, to be settled in quarterly instalments over the 17-year term. The aggregate value of the leased assets, based on purchase, construction and installation costs, is about RMB1.11 billion.
The transaction will be funded through CDB Leasing’s internal resources and/or commercial loans. Management stated that the deal aligns with the company’s strategy to expand revenue from its core finance-lease business across the energy sector.
According to Chapter 14 of the Hong Kong Listing Rules, the highest applicable percentage ratio for the deal exceeds 5 % but is below 25 %, classifying it as a discloseable transaction. Consequently, it requires public reporting and announcement but is exempt from shareholder approval and circular requirements.
Mulei Jieneng and its ultimate beneficial owner, Shenzhen-listed Beijing SOJO Electric Co., Ltd., are independent third parties with no connected relationship to CDB Leasing.
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