CES Leasing definition

CES Leasing means 東航國際融資租賃有限責任公司 (CES International Financial Leasing Corporation Limited), a company incorporated in the China (Shanghai) Pilot Free Trade Zone of the PRC with registered capital of RMB1 billion, and is directly held as to: (i) 50% by CEA Holding; (ii) 35% by 東航國際控股（香港）有限公司 (CES Global Holdings (Hong Kong) Limited) (an indirect wholly-owned subsidiary of CEA Holding); and (iii) 15% by 包頭盈德氣體有限公司 (Baotou Yingde Gases Co., Ltd.) (an independent third party, the sole shareholder of which is Yingde Gases (Hong Kong) Company Limited, a company registered in Hong Kong) as at the Latest Practicable Date;

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CES Leasing means 東航國際融資租賃有限公司 (CES International Financial Leasing Corporation Limited), a company incorporated in the China (Shanghai) Pilot Free Trade Zone of the PRC, and is directly held as to: (i) 65% by CES Finance; and (ii) 35% by 東航國際控股(香港)有限公司 (CES Global Holdings (Hong Kong) Limited), and is ultimately wholly-owned by CEA Holding

CES Leasing means 東航國際融資租賃有限公司 (CES International Financial

Examples of CES Leasing in a sentence

• Reference is made to the Company’s announcement dated 26 September 2022 and the Company’s circular dated 25 October 2022 in relation to, among others, the aircraft and/ or engine finance lease and operating lease under the Existing Aircraft and Engines Lease Agreement entered into between the Company and CES Leasing on 26 September 2022.

• During 2024, the Company introduced aircraft through finance lease arrangements provided by CES Leasing.

• The Company has maintained a long-standing cooperative relationship with CES Leasing in aircraft and engine leasing.

• Over the next three years, it is estimated that, as compared to mortgage loans at the same interest rate, finance lease arrangements with CES Leasing will generate financing cost savings of approximately USD60.50 million, USD105.28 million and USD61.67 million, respectively.

• CES Leasing is principally engaged in the provision of leasing and other leasing services, purchase of domestic and foreign finance lease assets, handling salvage value and maintenance of finance lease assets, and provision of advisory services and guarantee for lease transactions, and engaged in commercial factoring related to principal businesses etc.

• The purchase proposal(s) provided by CES Leasing should have competitive advantages over other parties (including but not limited to, the comprehensive return of the proposal(s) offered by CES Leasing shall not be lower than those offered by at least two other independent third parties).

• CES Leasing has continuously enhanced its capital strength and improved its market-oriented operations in the aviation leasing sector.

• CES Leasing is a wholly-owned subsidiary of CEA Holding, which in turn is the controlling shareholder of the Company, is thus a connected person of the Company.

• CES Leasing Entities and the Company shall sign separate agreement(s) based on actual circumstances regarding the payment of consideration, rights and obligations of each party, and other specific matters.

• The Company intends to include aircraft and engine sales in the Existing Aircraft and Engines Lease Agreement and proposes, within the annual cap set for the transaction, not to limit the transaction amount of the aircraft and engine leasing transaction with CES Leasing anymore.

More Definitions of CES Leasing

CES Leasing means 東航國際融資租賃有限公司 (CES International

CES Leasing means 東航國際融資租賃有限責任公司 (CES International Financial Leasing Corporation Limited), a company incorporated in the China (Shanghai) Pilot Free Trade Zone of the PRC with registered capital of RMB1 billion, and is directly held as to: (i) 50% by CEA Holding; (ii) 35% by 東航國際控股（香港）有限公司 (CES Global Holdings (Hong Kong) Limited) (an indirect wholly-owned subsidiary of CEA Holding); and (iii) 15% by 包頭盈德氣體有限公司 (Baotou Yingde Gases Co., Ltd.) (an independent third party, the sole shareholder of which is ▇▇▇▇▇▇ ▇▇▇▇▇ (Hong Kong) Company Limited, a company registered in Hong Kong) as at the date of this announcement;

CES Leasing means 東航國際融資租賃有限公司 (CES International Financial Leasing Corporation Limited), a company incorporated in the China (Shanghai) Pilot Free Trade Zone of the PRC, and is directly held as to: (i) 65% by CEA Holding; and (ii) 35% by 東航國際 控股 ( 香 港 ) 有限公司 (CES Global Holdings (Hong Kong) Limited) (an indirect wholly-owned subsidiary of CEA Holding)

CES Leasing means 東 航 國 際 融 資 租 賃 有 限 責 任 公 司 (CES International Financial Leasing Corporation Limited), a company incorporated in the China (Shanghai) Pilot Free Trade Zone of the PRC with registered capital of RMB1 billion, and is directly held as to: (i) 50% by CEA Holding; (ii) 35% by 東 航 國 際 控 股（ 香 港 ）有 限 公 司 (CES Global Holdings (Hong Kong) Limited) (an indirect wholly-owned subsidiary of CEA Holding); and (iii) 15% by 包 頭 盈 德 氣 體 有 限 公 司 (Baotou Yingde Gases Co., Ltd.) (an independent third party, the sole shareholder of which is ▇▇▇▇▇▇ ▇▇▇▇▇ (Hong Kong) Company Limited, a company registered in Hong Kong) as at the date of this announcement;