Examples of Leased Assets in a sentence
The entering into the Sale and Leaseback Arrangement is in the ordinary and usual course of business of Chengtong Financial Leasing and it is expected that Chengtong Financial Leasing will earn an income of approximately RMB1.89 million (equivalent to approximately HK$2.04 million), being the total of (i) the Service Fee and (ii) the difference between the estimated amount of total lease payment under the Sale and Leaseback Arrangement and the Purchase Price of the Leased Assets.
The Purchase Price of the Leased Assets was agreed between Chengtong Financial Leasing and the Lessee with reference to the appraised value of the Leased Assets as at 19 March 2024 which amounted to approximately RMB30.92 million (equivalent to approximately HK$33.39 million) as assessed by way of cost method by an independent PRC valuer.
The Leased Assets are not revenue-generating assets with identifiable income stream.
Xxxxxx’s right to repurchase the Leased Assets Upon the Lessee having paid all the lease payments and other payables (if any) to Chengtong Financial Leasing in accordance with the terms of the Sale and Leaseback Agreements, the Lessee shall have the right to repurchase the Leased Assets under the Sale and Leaseback Agreements at a nominal consideration of RMB1.00.
Legal title Chengtong Financial Leasing owns the legal title of the Leased Assets during the Lease Term.