FINANCE LEASE AGREEMENT. The Board is pleased to announce that, on 20 February 2020 (after trading hours), Xxxxxxx Xxxxxxx entered into the Finance Lease Agreement with ABC Financial Leasing. The principal terms of the Finance Lease Agreement are summarized as follows: Date: 20 February 2020 (after trading hours)
FINANCE LEASE AGREEMENT. The principal terms of the Finance Lease Agreement are set out as follows: Date 18 March 2020 Parties
FINANCE LEASE AGREEMENT. The Board is pleased to announce that, on 27 November 2020 (after trading hours), Dali Water entered into the Finance Lease Agreement with BoCom Leasing. The principal terms of the Finance Lease Agreement are summarized as follows: Date: 27 November 2020 (after trading hours)
FINANCE LEASE AGREEMENT. The Board announces that the JV Company and Sixian Hospital entered into the Finance Lease Agreement on 15 January 2016. The principal terms of the Finance Lease Agreement are set out below. Finance Lease Agreement Date 15 January 2016
FINANCE LEASE AGREEMENT. The Board is pleased to announce that, on 20 September 2020, XXX Xxxxxxx entered into the Finance Lease Agreement with BoCom Leasing. The principal terms of the Finance Lease Agreement are summarized as follows:
FINANCE LEASE AGREEMENT. Date 23 August 2012 Parties Lessor: Kunlun Financial Leasing, which is directly owned as to 90% by CNPC, the controlling shareholder of the Company Lessee: Sichuan Petrochemical, which is directly owned as to 90% by the Company On 23 August 2012, Sichuan Petrochemical entered into the Finance Lease Agreement with Kunlun Financial Leasing, pursuant to which Sichuan Petrochemical has agreed to lease from Kunlun Financial Leasing the Lease Assets, which shall be transferred from Sichuan Petrochemical to Kunlun Financial Leasing at the consideration of RMB3,000 million (equivalent to approximately HK$2,460 million). Pursuant to the Finance Lease Agreement, the transfer of the Lease Assets from Sichuan Petrochemical to Kunlun Financial Leasing shall complete on or before 31 December 2012. Lease Assets The Lease Assets comprise (i) ethylene production equipment of 800,000 tons/annum production capacity (including hydrogenated gasoline production equipment of 350,000 tons/annum production capacity and the pipe rack of cracking furnace), (ii) linear low density polyethylene production equipment of 300,000 tons/annum production capacity, (iii) high density polyethylene production equipment of 300,000 tons/annum production capacity, (iv) ethylene glycol production equipment of 360,000 tons/annum production capacity and (v) polypropene production equipment of 450,000 tons/annum production capacity. The Lease Assets were purchased by Sichuan Petrochemical at its sole discretion from various suppliers at its own choice. To the best knowledge, information and belief of the Directors having made all reasonable enquiries, suppliers of the Lease Assets and their respective ultimate beneficial owners are third parties independent of the Company and its connected persons. The book value of the Lease Assets is approximately RMB3,937 million (equivalent to approximately HK$3,228 million).
FINANCE LEASE AGREEMENT. Subject matter South China Leasing will provide a finance lease with respect to the Assets under the First Finance Lease Agreement to the Lessee for a term of three years. South China Leasing will purchase the Assets under the First Finance Lease Agreement from the Lessee and lease the Assets under the First Finance Lease Agreement back to the Lessee. The principal amount under the finance lease is RMB150,000,000 (equivalent to approximately HK$169,500,000). The Lessee will repay the principal amount in twelve instalments during the term of the finance lease. It will make the interest payment on a quarterly basis at a rate equal to the benchmark interest rate for 3-year RMB loans published by the People’s Bank of China from time to time plus 15%. South China Leasing is also entitled to a handling fee of RMB5,625,000 (equivalent to approximately HK$6,356,250), payable by the Lessee, in one lump sum prior to the commencement of the lease term. The interest rate and the handling fee for the finance lease have been agreed between the parties after arm’s length negotiation with reference to the prevailing market rates. The consideration for the purchase of the Assets under the First Finance Lease Agreement is RMB150,000,000 (equivalent to approximately HK$169,500,000), which was determined by the parties after arm’s length negotiations with reference to the valuation of the Assets under the First Finance Lease Agreement based on the cost method of approximately XXX 000 , 000 , 000 (xxxxxxxxxx to approximately HK$190,260,473). The consideration for the purchase of the Assets under the First Finance Lease Agreement will be satisfied by South China Leasing by internal resources and bank borrowing. Lessee’s option to purchase At the end of the lease term, the Lessee will have the right to purchase the Assets under the First Finance Lease Agreement at a nominal purchase price of RMB50 (equivalent to approximately HK$56.50).
FINANCE LEASE AGREEMENT. The Board announces that the JV Company and Shanxi Hospital entered into the Finance Lease Agreement on 5 November 2015. The principal terms of the Finance Lease Agreement are set out below. Finance Lease Agreement Date 5 November 2015 Parties Lessor: the JV Company Lessee: Shanxi Hospital To the best of the Directors’ knowledge, information and belief after having made all reasonable enquiries, Shanxi Hospital and its ultimate beneficial owners are Independent Third Parties. Lease back arrangements Pursuant to the Finance Lease Agreement, the JV Company agreed to lease the Machinery and Equipment back to Shanxi Hospital for a term of three years commencing from the day the JV Company makes the first payment to Shanxi Hospital in accordance with the Sale and Purchase Agreement. Subject matter of the lease back The Machinery and Equipment comprised certain machinery and equipment including medical equipment such as endoscope, X-ray machine, and multi-functional operation table owned by Shanxi Hospital. Lease payments Pursuant to the Finance Lease Agreement, the amount of lease rent to be paid by Shanxi Hospital to the JV Company was calculated based on the principal lease cost and the lease interest rate. The total principal lease cost under the Finance Lease Agreement was RMB20,000,000.00 (equivalent to approximately HK$24.4 million). The lease rent is calculated at the actual interest rate of 9% per annum during the lease term, subject to the adjustment pursuant to the adjustment of the interest rate published by the People’s Bank of China. Based on the aforementioned interest rate, the total lease rent payable by Shanxi Hospital under the Finance Lease Agreement will be RMB23,044,188.00 (equivalent to approximately HK$28.1 million) subject to the adjustment of the interest rate. In accordance with the Finance Lease Agreement, the lease rent will be payable by Shanxi Hospital every three months in twelve installments. In the event that Shanxi Hospital fails to pay any sum payable under the Finance Lease Agreement when due, default interest may be charged for each day of late repayment, if more than one day of late repayment, at the rate of 0.1% per day of any sum payable. Shanxi Hospital shall pay a refundable interest-free deposit of RMB1,400,000.00 (equivalent to approximately HK$1.71 million) to the JV Company as a guarantee of its obligation under the Finance Lease Agreement within two working days after the JV Company makes the first payment in accor...
FINANCE LEASE AGREEMENT. The Board is pleased to announce that, on 17 December 2019 (after trading hours), the Company and Ningde Zhangwan Waste Incineration entered into the Finance Lease Agreement with SPDB Financing Leasing. The principal terms of the Finance Lease Agreement are summarized as follows:
FINANCE LEASE AGREEMENT. Date: 24 December 2021 Parties: (i) Industrial Bank Financial Leasing, as lessor and purchaser; and (ii) the Company, as lessee and seller. Leased Assets Certain assets of wastewater treatment and other equipment and facilities in which the Company has sole ownership and disposal rights, which will be firstly purchased from the Company by Industrial Bank Financial Leasing and leased back to the Company. Purchase price and delivery: RMB400 million. Such amount was determined by the Company and Industrial Bank Financial Leasing after arm’s length negotiation with reference to (i) the carrying value of the Leased Assets; (ii) the amount of financing required by the Company under the Finance Lease Arrangement; and (iii) the prevailing interest rate of the finance lease arrangement offered by Industrial Bank Financial Leasing to its customers. The Directors consider that the purchase price is fair and reasonable as the financing ratio of approximately 92.80% based on the Finance Lease Agreement is within the normal range of financing ratios for other finance lease arrangements offered by Industrial Bank Financial Leasing to other third parties. The purchase price shall be paid to the Company by instalment within 30 business days after fulfillment of the conditions precedent to payment under the Finance Lease Agreement, and such conditions include but are not limited to the execution of the Finance Lease Agreement by both parties, Industrial Bank Financial Leasing having received a debit mandate from the Company in respect of the lease handling fee under the Finance Lease Agreement, Industrial Bank Financial Leasing having received a valid resolution from the Company’s authorized entity approving the transaction under the Finance Lease Agreement, and if the transfer of title of the Leased Assets requires relevant registration procedures, the Company having completed such registration procedures. Lease term: 60 months from the lease commencement date. The lease commencement date is the date on which Industrial Bank Financial Leasing pays the first instalment of purchase price of the Leased Assets to the Company. The lease term is divided into ten consecutive lease periods (“Lease Period(s)”) of six months each. The first Lease Period shall commence on the lease commencement date and end on the 19th calendar day of the sixth month following the lease commencement date, and each subsequent Lease Period shall commence on the day following the end of the previous Lea...
