[ET Net News Agency, 20 December 2019] China Merchants Port Holdings Company Limited
(00144) said its subsidiary CM Xiamen Bay entered into a sale and leaseback agreement with
Tianjin Finances, a subsidiary of CMG, the ultimate holding company of the company for the
sale and leaseback of leased assets for a term of 72 months at the consideration of RMB150
million.
Also, CM Xiamen Bay agreed to pledge the secured assets to Tianjin Finances and agreed
to pay to Tianjin Finances a deposit of RMB4.5 million. Tianjin Finances will also provide
various consultancy services to CM Xiamen Bay for a consideration of RMB2.7 million.
The leased assets are two port assets located in Xiamen Bay, the PRC with an area of
17,303.94 square metres and 16,575.72 square metres, respectively. The secured assets are
the land use rights of two pieces of land located in Longhai City, PRC with an area of
126,401.13 square metres and 172,748.81 square metres, respectively. (RC)
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00144 CHINA MER PORT
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10.060 0.000 (0.000%) Others
20/12/2019 11:01
China Mer Port (00144) signs sale and leaseback agreement
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