Sunshine Paper's Subsidiary Enters into Equipment Financing Lease Arrangement

Stock News

Jul 21

SUNSHINE PAPER (ASX: 02002) has announced that on July 21, 2026, Xinmai Paper (the company's wholly-owned subsidiary, acting as seller and lessee) entered into a sales contract and a financial lease contract with Haifabaocheng (acting as buyer and lessor).

Under these agreements, Haifabaocheng has agreed, among other things, to purchase the lease assets from Xinmai Paper for a consideration of RMB 160 million.

Furthermore, for the lease term, Haifabaocheng will lease the assets back to Xinmai Paper for a total lease payment of RMB 173 million.

The lease assets refer to certain equipment owned by Xinmai Paper, currently located at the lessee's factory in Changle Economic Development Zone, Weifang City, Shandong Province, China, which is primarily used for the production of coated white-top linerboard.

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