Baiying Holdings (08525) issued an announcement. On January 11, 2024, the company's indirect wholly-owned subsidiary, Xiamen...
According to Zhitong Finance App, Baiying Holdings (08525) issued an announcement. On January 11, 2024, Xiamen Baiying Financial Leasing Co., Ltd., an indirect wholly-owned subsidiary of the company, entered into a sale-leaseback transaction with Fuxin Real Estate (lessee) in accordance with the financial lease agreement. According to the financial lease agreement, the buyer will buy the leased back assets from Fuxin Real Estate at a cost of RMB 21 million and rent back the assets to Fuxin Real Estate for a period of 36 months, and collect the lease payment in return.
According to reports, the leased back assets are about 231,000 tons of different types of scaffolding and their components. The total lease amount for the entire tenancy period was RMB 25.3638 million.
According to the announcement, the buyer is mainly engaged in financial leasing business, consulting on leasing transactions, and guarantee and factoring services in China. The financial lease agreement is expected to enable the Group to earn a total revenue of approximately RMB 4.383,900.