Kaifeng Hongjin enters RMB20 million sale-and-leaseback deal
Kaifeng Hongjin has entered a sale-and-leaseback agreement with a sale price of RMB20.00 million, Wang On Group said.
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what happened
Kaifeng Hongjin has entered into a sale-and-leaseback agreement at a sale price of RMB20.00 million, Wang On Group Ltd said.
Under this structure, the asset is sold and then leased back, allowing the company to continue using it under the lease arrangement.
why it matters
For Wang On Group, the announcement concerns a transaction that may alter Kaifeng Hongjin’s asset and liability structure; the stated sale price is RMB20.00 million.
instruments
sources
- Wang On Group Says Kaifeng Hongjin Entered Sale And Leaseback Agreement — Newsmetry API, 12 October 2026 at 14:54 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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