China Water Industry Group Limited (HK:1129) has released an update.
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China Water Industry Group Limited has announced a finance lease arrangement where its subsidiary has sold assets to Greengold Leasing and then leased them back, with the latest transaction involving a purchase price of RMB6,000,000. The lease agreement includes a 6.35% annual interest rate over a 60-month period. This series of transactions is classified as a discloseable transaction according to the Listing Rules, due to the cumulative percentage ratio exceeding 5%.
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