China Science And Technology Leasing Co., Ltd. Signed A Financing Agreement With China Science And Technology Co., Ltd
Zhongguancun Technology leasing (01601. HK) announced that on July 28, 2020, the company, as the lessor, entered into a financial leasing agreement with the lessee, according to which, (I) the lessee sold its own leased assets to the lessor at the cost of RMB 45 million; and (II) the lessor leased back the leased assets to the lessee for a lease term of 36 months, with a total lease payment of RMB 4891599. Under the financial leasing agreement, the lease amount includes the principal of the financial lease of RMB 45 million and the interest income (including VAT) of the financial lease is RMB 3.91599 million.
Jingmen Likangyuan Textile Technology Co., Ltd. is mainly engaged in the production and sales of dye intermediates. Liu Weibin is the ultimate owner of the company. The leased assets are dye intermediate production equipment located in Hubei Province, with a net book value of about RMB 59.3768 million.
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