[ET Net News Agency, 13 December 2017] Far East Horizon (03360) said its direct
wholly-owned subsidiary International Far Eastern Leasing Co., Ltd and indirect
wholly-owned subsidiary Far Eastern Horizon (Tianjin) Financial Leasing Co., Ltd. agreed
to sell certain underlying assets for about Rmb2,812 million and Rmb1,241 million
respectively.
It is anticipated that upon completion of the disposal, the group would realise a net
gain of around Rmb1 million. The net proceeds received from the disposal will be applied
on future finance lease transactions. (HL)