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China Huirong Forms JV with Guochuang Tech to Acquire and Lease Aircraft, Commits ~68.14M Yuan
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On September 24, 2026, China Huirong Financial Holdings Limited (01290.HK) announced that its two indirect wholly-owned subsidiaries, Huifang Investment and Huifang Technology, entered into a joint venture agreement with Guochuang Technology. The agreement establishes two joint ventures: a Hong Kong joint venture, 49% owned by Huifang Investment and 51% by Guochuang Tech, and a China joint venture, 49% owned by Huifang Technology and 51% by Guochuang Tech. The purpose of the joint ventures is to acquire and lease aircraft. The Hong Kong joint venture will have an issued share capital of HKD 50,000, while the China joint venture will have a registered capital of USD 2,500,000. Additionally, the China joint venture involves a guarantee commitment of USD 14,420,000 and a shareholder loan of USD 3,680,000, both shared proportionally. The total consideration and guarantee commitments for the group's investment in the joint ventures amount to approximately RMB 68,144,479.
Source report
Hong Kong, September 24 — China Huirong Financial Holdings Limited (01290.HK) announced today that its two indirect wholly-owned subsidiaries, Huifang Investment and Huifang Technology, have entered into a joint venture agreement with Guochuang Technology.
Joint Venture Structure
The agreement provides for the establishment of:
- A Hong Kong joint venture company, to be held 49% by Huifang Investment and 51% by Guochuang Technology
- A China joint venture company, to be held 49% by Huifang Technology and 51% by Guochuang Technology
The joint ventures will engage in the acquisition and leasing of aircraft.
Financial Details
Under the terms of the joint venture agreement:
| Item | Amount | Contribution Ratio | |------|--------|-------------------| | Hong Kong JV issued share capital | HKD 50,000 | 49% (Huifang Investment) / 51% (Guochuang Technology) | | China JV registered capital | USD 2,500,000 | 49% (Huifang Technology) / 51% (Guochuang Technology) | | China JV guarantee commitment | USD 14,420,000 | 49% (Huifang Technology) / 51% (Guochuang Technology) | | China JV shareholder loan | USD 3,680,000 | 49% (Huifang Technology) / 51% (Guochuang Technology) |
The total consideration payable by the Group for the establishment of the joint ventures, together with the guarantee commitments to be assumed, amounts to approximately RMB 68,144,479.
Source
格隆汇Eastern
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China Huirong forms joint ventures with Guochuang Technology for aircraft leasing