Discloseable transaction in relation to the finance lease agreement

Summary by 6ix AI

Baiying Holdings Group Ltd. has announced a discloseable transaction regarding a finance lease agreement with Shaowu Guojian, involving a sale-leaseback transaction for various assets. The agreement includes the purchase of leaseback assets for a specified consideration and a lease term of three years, with lease payments structured in quarterly installments. The transaction is subject to GEM Listing Rules as it exceeds certain percentage ratios, requiring notification and announcement. The company expects to earn income from this agreement, which is considered fair and reasonable by the Board.

Written by 6ix AI from the company’s filing. How 6ix writes summaries