Leader Education signs CNY 50 million sale-and-leaseback financing with Guotai Leasing

Reuters
Yesterday
Leader Education signs CNY 50 million sale-and-leaseback financing with Guotai Leasing
  • Leader Education’s Heilongjiang College of Business and Technology entered a sale-and-leaseback finance lease with Guotai Leasing for leased assets priced at CNY 50.0 million.
  • The arrangement has total lease payments of CNY 54.9 million over a 36-month term.
  • It also includes a non-refundable additional first lease payment of CNY 1.0 million.
  • The lease carries an annual interest rate of 6.03% and is paid quarterly in 12 installments.
  • Heilongjiang College of Business and Technology agreed to mortgage the leased assets as collateral, with joint and several guarantees provided by Laixiang Liu, Ling Dong, and Harbin Xiangge.


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