CITIC Dameng's affiliated plant signs leaseback agreement with Ping An International Financial Leasing
2017-12-26 14:32:05 [Print]
CITIC Dameng announced on Dec 22 of 2017 that Ping An International Financial Leasing Company Limited intends to purchase some machinery and equipment of CITIC Dameng's electrolytic manganese dioxide plant in Xin County, Chongzuo city, Guangxi, China at the price of RMB157.5 million and signs leaseback agreement with CITIC Dameng at the total price of RMB167.9 million for a term of 36 months. Meanwhile, CITIC Dameng has agreed to pay RMB110.2 million as financing service charges for the leaseback.

