January 18, 2017 / 10:12 AM / 8 months ago

BRIEF-Far East Horizon enters agreements for disposal of underlying assets

Jan 18 (Reuters) - Far East Horizon Ltd -

* IFEL, a direct wholly-owned subsidiary of company, and purchaser entered into IFEL assets disposal agreement

* Upon completion of disposal, group would realise a net gain of approximately rmb3 million

* IFEL asset disposal deal for rmb1.56 billion

* Net proceeds received from disposal will be applied on future finance lease transactions

* FETJ and purchaser entered into FETJ assets disposal agreement for consideration of rmb387.6 million

* Purchaser is Minsheng Tonghui Asset Management Co., Ltd Source text for Eikon: Further company coverage:

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