Shanxi Installation Group Co. Ltd. Enters Into New Finance Lease Agreement With China Merchants Bank Subsidiary
Reuters
Sep 30
Shanxi Installation Group Co. Ltd. Enters Into New Finance Lease Agreement With <a href="https://laohu8.com/S/CIHKY">China Merchants</a> Bank Subsidiary
**Shanxi Installation Group Co. Ltd. Enters Finance Lease Agreement with China Merchants Bank Subsidiary** Shanxi Installation Group Co. Ltd. (Stock Code: 2520) has announced the signing of a new finance lease agreement after trading hours on September 30, 2025. Under the terms of the agreement, a subsidiary of Shanxi Installation Group will lease back certain assets from a lessor wholly owned by China Merchants Bank Co., Ltd. The arrangement involves the lessor purchasing the specified assets from the company's subsidiary and then leasing them back, with lease payments comprising both principal and interest. The transaction, classified as a discloseable transaction under Hong Kong Stock Exchange Listing Rules, will not result in any gain or loss on disposal for the group and does not require shareholder approval. Shanxi Installation Group, a state-controlled construction services provider, stated that the move is part of its ongoing efforts to optimize its capital structure and financial flexibility.
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