Core Viewpoint - China Chengtong Development Group (00217) announced a leasing asset transfer agreement with China Power Construction Leasing, with an expected consideration of RMB 380 million (approximately HKD 414 million) [1] Group 1: Agreement Details - The agreement involves the transfer of leasing assets from China Power Construction Leasing to Chengtong Financing Leasing, effective from August 8, 2025 [1] - Chengtong Financing Leasing will have the right to collect all rental payments and other outstanding amounts from the Shaanxi lessee under the sale-leaseback agreement starting from the transfer date [1] - The agreement includes a clause allowing Chengtong Financing Leasing to exercise a reverse transfer right three years after the payment date [1] Group 2: Financial Implications - If the reverse transfer right is not exercised and assuming no early termination of the entrusted agreement and the Shaanxi sale-leaseback agreement, Chengtong Financing Leasing is expected to earn a total income of approximately RMB 177 million from the arrangement [1] - This income estimate is based on the rental income receivable under the Shaanxi sale-leaseback arrangement, minus the consideration and total management fees, assuming the transfer date is October 31, 2025 [1] Group 3: Company Overview - The company primarily engages in leasing, property development and investment, offshore tourism services, and hotel operations [1] - The leasing business is mainly conducted through Chengtong Financing Leasing, which is its core business [1]

Core Viewpoint - China Chengtong Development Group announced a leasing asset transfer agreement with China Power Construction Leasing, with a projected value of RMB 380 million (approximately HKD 414.2 million) [1] Group 1 - The agreement involves the transfer of leasing assets from China Power Construction Leasing to Chengtong Financing Leasing, effective from August 8, 2025 [1] - Chengtong Financing Leasing will gain the right to collect all lease payments and other outstanding amounts from the lessee in Shaanxi under the sale-leaseback agreement starting from the transfer date [1] - Chengtong Financing Leasing has the right to exercise a reverse transfer option three years after the payment of the transfer price [1]