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Alliance International Education Leasing Announces Finance Lease Agreement

Story Highlights
  • The company entered a finance lease agreement involving a RMB50,000,000 asset purchase.
  • The transaction is a discloseable event under Listing Rules, requiring notification and announcement.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Alliance International Education Leasing Announces Finance Lease Agreement

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The latest update is out from International Alliance Financial Leasing Co., Ltd. ( (HK:1563) ).

Alliance International Education Leasing Holdings Limited, a company incorporated in the Cayman Islands, announced a finance lease agreement involving a subsidiary acting as the lessor. The agreement entails the purchase of leased assets from the lessee for RMB50,000,000 and a subsequent leaseback to the lessee for three years with a total lease amount of approximately RMB55,506,000. This transaction is classified as a discloseable transaction under the Listing Rules, requiring notification and announcement due to the applicable percentage ratios.

More about International Alliance Financial Leasing Co., Ltd.

Average Trading Volume: 1,282,098

Technical Sentiment Signal: Sell

Current Market Cap: HK$360.2M

For an in-depth examination of 1563 stock, go to TipRanks’ Overview page.

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