Asia
Alliance International Education Leasing Unit Enters Finance Lease Deal
Alliance International Education Leasing Holdings (HKG:1563) said its wholly owned subsidiary, Robust Team International, has entered into a three-year finance lease agreement with Hong Kong Eurayce Investment.Under the agreement, Robust Team International will acquire industrial equipment from the lessee for 30 million yuan and lease the assets back for total lease payments of about 33.3 million yuan over three years, according to a Tuesday Hong Kong bourse filing.The leased assets include equipment used in concrete batching and pipe pile production, with a book value of about 41.5 million yuan.
HKG:1563
