Common Contracts
1 similar Factoring Agreement contracts
THE FINANCE LEASE AGREEMENT AND THE FACTORING AGREEMENTFactoring Agreement • February 6th, 2023
The Board announces that on 20 October 2016 (after trading hours), Heng He, an indirect non-wholly owned subsidiary of the Company, entered into the Finance Lease Agreement with the Lessee, pursuant to which Heng He conditionally agreed to purchase the Leased Assets from the Lessee at a total consideration of RMB115 million (approximately HK$132.25 million), which would be leased back to the Lessee at the aggregate Lease Receivables of approximately RMB129.95 million (approximately HK$149.44 million) for a term of 3 years, commencing on the date of payment of the consideration for the Leased Assets.
