Chongqing Iron and Steel signs lease contract with Changshou Iron and Steel
2019-12-31 18:24:42 [Print]
Chongqing Iron and Steel announced on December 29 that the previous lease contract signed by the company and Changshou Iron and Steel on December 19, 2018 would expire on December 31, 2019. In order to ensure the continuous and stable production and operation, the company signed a new lease contract with Changshou Iron and Steel. Then, Changshou Iron and Steel agreed to rent out assets to the company.
According to the contract, the assets for rent are facilities used before iron-making, including blast furnaces, sintering machines and coking furnaces. The lease term is one year from January 1 2020 to December 31, 2020. The monthly rent is RMB 17.875 million (USD2.56 million).
According to the contract, the assets for rent are facilities used before iron-making, including blast furnaces, sintering machines and coking furnaces. The lease term is one year from January 1 2020 to December 31, 2020. The monthly rent is RMB 17.875 million (USD2.56 million).
