Leader Education Limited (HK:1449) has released an update.
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Leader Education Limited has announced a major financial transaction involving a finance lease arrangement with Haier, valued at RMB60 million with total lease payments of RMB67.26 million. This transaction, which involves a sale and leaseback agreement, has been approved by the company’s major shareholders, circumventing the need for a general meeting. A detailed circular with financial information will be dispatched following regulatory compliance procedures.
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