Central New Energy's Subsidiary to Lease Equipment for 124 Million Yuan

MT Newswires Live2024-07-15

Central New Energy Holding Group's (HKG:1735) subsidiary Central (Tongcheng) New Energy Technology has agreed to lease certain lease equipment from Tongcheng Tianzheng New Energy for a total payable rent of 123.6 million yuan, a Friday filing with the Hong Kong Exchange said.

The equipment to be leased comprises 21 types of equipment for photovoltaic battery production. The term of the lease comprises a pre-lease period from June 20 to Sept. 20, and a lease period from Sept. 20, 2024, to Sept. 20, 2029.

The company also disclosed revised values of the right-of-use asset for lease equipment 1 of 270.6 million yuan, lease equipment 2 of 157.0 million yuan, and lease equipment 3 of 371.9 million yuan.

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