ABC Leasing enters offshore sector

Dalian: ABC Leasing, the financial leasing arm of Agricultural Bank of China (ABC), has signed a strategic cooperation agreement with Tianjin Huizhong Leasing to establish a long term cooperation.

Under the agreement, the two companies will jointly offer financing for a heavy lift pipe laying vessel, which will be built at CSSC Huangpu Wenchong Shipyard. The vessel is expected to be delivered in 2015.

The deal is ABC Leasing’s first offshore project. ABC Leasing said it will continue to work with Huizhong Leasing to explore more opportunities in the offshore sector. [14/11/14]

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