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SPT Energy Group ( (HK:1251) ) has provided an update.
SPT Energy Group Inc. announced a new finance lease agreement involving its subsidiary, Sinopetroleum Technology Inc., which entered into a transaction with Zhongguancun Science-Tech. The agreement involves the sale and leaseback of oil and gas drilling equipment valued at RMB14,500,000, with a total lease payment of RMB16,086,559 over a 36-month period. This transaction is classified as a discloseable transaction under Hong Kong’s Listing Rules, indicating a strategic move to optimize asset management and financial structuring, potentially impacting the company’s financial flexibility and operational capacity in the energy sector.
More about SPT Energy Group
SPT Energy Group Inc. operates in the oil and gas industry, providing services and technology solutions primarily focused on petroleum exploration and production. The company is involved in various aspects of the energy sector, including drilling and equipment leasing, with a market focus on regions such as China and Turkmenistan.
YTD Price Performance: -48.00%
Average Trading Volume: 3,407,371
Technical Sentiment Signal: Sell
Current Market Cap: HK$127M
For detailed information about 1251 stock, go to TipRanks’ Stock Analysis page.