Leader Education Announces Major Lease Deal with Haier

Leader Education Limited (HK:1449) has released an update.

Leader Education Limited has engaged in a significant finance lease arrangement with Haier, where Heilongjiang College of Business and Technology sold assets to Haier for RMB20 million and leased them back. This transaction is classified as a discloseable transaction due to its size and is subject to specific reporting requirements, although it doesn’t necessitate reclassification when combined with previous transactions. The deal includes a two-installment payment plan for the assets, which was determined after arm’s length negotiations.

For further insights into HK:1449 stock, check out TipRanks’ Stock Analysis page.