Kingsoft Cloud (03896) announced that Changjiang United Financial Leasing Co., Ltd. has agreed to lease several Server through sale and leaseback...
According to a report from Zhitong Finance APP, Kingsoft Cloud (03896) announced that Yangtze River United Financial Leasing Co., Ltd. has agreed to provide financing and leasing services to Kingsoft Cloud (Qingyang) Data Information Technology Co., Ltd. (a consolidated affiliated entity of the company) by means of selling and leasing back several Servers, with a total principal amount of 0.5 billion yuan and a term of 3 years. The guarantees are provided by the company's consolidated affiliated entities and the parent company of Kingsoft Cloud (Qingyang), Peking Kingsoft Cloud Network Technology Co., Ltd., with an annual interest rate of approximately 3.88%.
The announcement states that the proposed Trade will supplement working capital, broaden the company's financing channels, increase the sources of the company's liquidity, and optimize the company's capital structure.