Far East Horizon (03360) said its direct wholly-owned subsidiary International Far Eastern Leasing Co., Ltd (IFEL) and indirect wholly-owned subsidiary Far Eastern Horizon (Tianjin) Financial Leasing Co., Ltd. (FETJ) agreed to sell underlying assets for Rmb2,144 million and Rmb1,362 million.
The underlying assets represent the rights and interests of IFEL and FETJ pursuant to the underlying finance leases.
It is anticipated that upon completion of the disposal, the Group would realise a net gain of about Rmb10 million. The net proceeds received from the disposal will be applied on future finance lease transactions.
03/05/2016 12:09
FE Horizon (03360) units to sell underlying assets
- 經濟通
- 強化版MQ
- 強化版TQ
- 財曆
- Mobile
Web
