A subsidiary of Societe Generale Holdings (00132) entered into a financial lease with Guangxi Southwest Investment

According to Zhitong Finance App News, Societe Generale Holdings (00132) announced that on April 15, 2025, the Company's subsidiary, Green Gold Leasing entered into a financial lease with the tenant Guangxi Dongnan Investment Holdings Co., Ltd. to obtain ownership of assets from the lessee at a total cost of RMB 120 million (equivalent to approximately HK$128 million). Such assets will be leased back to the lessee for use and possession for a period of five years.

Asset 1 includes certain designated equipment and facilities in the tenant's office building in Foshan, Guangdong Province, China, including water supply, electricity, lighting, security equipment and facilities.

Asset 2 includes a number of other designated equipment and facilities, including air conditioning, water supply, electricity, lighting and security equipment and facilities in the lessee's two office buildings in Foshan, Guangdong Province, China.

The conclusion of financial leases and ancillary documents is one of the general and normal business processes of Green Gold Leasing, and is expected to provide the Group with stable income and cash flow.