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GCL New Energy (451) inks finance lease deal with PNC Energy
GCL New Energy (00451) said PNC Energy Capital 
LLC agreed to purchase certain solar photovoltaic energy equipment from GCL New Energy at
US$94 million (equivalent to about HK$734 million) and PNC Energy shall lease the
equipment back to GCL New Energy for a term of 14 years at an aggregate estimated rent of
about US$74.96 million (equivalent to about HK$585 million).
  GCL New Energy will incur an aggregate amount of about US$1.21 million (equivalent to
about HK$9.43 million) in total related expenses (such as legal costs and other
third-party expenses) to PNC Energy.
  PNC Energy is a company incorporated in Delaware with limited liability and is 
principally engaged in the provision of capital to the renewable energy and demand side
management segments of the energy industry.

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