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The latest announcement is out from Leader Education Limited ( (HK:1449) ).
Leader Education Limited’s Heilongjiang College of Business and Technology has entered into a sale-and-leaseback finance lease arrangement with Haier, selling certain leased assets for RMB20 million and agreeing to total lease payments of about RMB21.98 million, a structure typically used to enhance liquidity while retaining use of the assets. The transaction, when aggregated with a previous finance lease with Haier within 12 months, is classified as a major transaction under Hong Kong listing rules, triggering reporting, announcement, circular and shareholder approval requirements, although written consents from majority shareholders mean no general meeting will be convened; the company will seek a waiver for delayed dispatch of the required circular due to additional time needed to prepare financial disclosures.
The most recent analyst rating on (HK:1449) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Leader Education Limited stock, see the HK:1449 Stock Forecast page.
More about Leader Education Limited
Leader Education Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates higher-education institutions including Heilongjiang College of Business and Technology in mainland China, focusing on business and technology-related tertiary education services.
Average Trading Volume: 206,540
Technical Sentiment Signal: Sell
Current Market Cap: HK$170M
Find detailed analytics on 1449 stock on TipRanks’ Stock Analysis page.