Alliance International Unit to Buy to Lease Back Assets; Shares Jump 4%

MT Newswires Live07-06

A unit of Alliance International Education Leasing Holdings (HKG:1563) will buy to lease back certain assets from Shandong Hongxu Chemical for 40 million yuan, according to a July 3 Hong Kong bourse filing.

Shares of the finance leasing, advisory services, and private higher education firm were up nearly 4% in Monday afternoon trading.

Lessor Nanshan Financial Leasing (Tianjin) will then lease the assets back to the lessee for three years for a total lease payment of roughly 44.2 million yuan.

The assets comprise industrial manufacturing and process machinery including chemical reactors, heating and cooling units, storage containers, environmental treatment systems, and control equipment.

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