Leader Education's (HKG:1449) affiliate, Heilongjiang College of Business and Technology, will sell to lease back certain assets to Haier Financial Services China for 20 million yuan, a Thursday Hong Kong bourse filing said.

The assets comprise computers, projectors, stereos, multimedia devices, blackboards, network switches, routers, books, drinking fountains, sofas, and more.

The assets will then be leased back to Heilongjiang College of Business and Technology for 36 months for nearly 22 million yuan.

Haier Financial Services China also agreed to provide consultancy services related to macro-economy analysis and finance lease arrangement to Heilongjiang College of Business and Technology for 500,000 yuan.