Monday, 29 Aug 2011 08:00pm EDT
Yunnan Yuntianhua Co., Ltd.(600096.SH) announced that its subsidiary plans to divest RMB 550 million worth of ammonia and urea production equipment to Industrial Bank Financial Leasing Co., Ltd. and RMB 200 million worth of ammonia and urea production equipment to China National Foreign Trade Financial & Leasing Co., Ltd. After the sales, the subsidiary will rent them back with a term of six years and five years respectively.