HONG KONG, Oct 29, 2015 - (ACN Newswire) - Differ Group Holding Company Limited ("Differ Group" or the "Group") (stock code: 6878), a leading provider of short-to-medium term financing and financing-related solutions in the PRC, has announced the approval on the acquisition of Jiashi Development Limited ("Jiashi") which engages in the provision of finance leasing in the PRC at its recent Extraordinary General Meeting.
The targeted acquisition is expected to further strengthen the Group's existing finance lease business through Jiashi's extensive experience in the finance leasing business, especially on tourism, distant marine fisheries industry, and car leasing to individuals.
total sum of RMB400 million in Datang Finance Leasing Company and its
equity holding in Datang Finance Leasing Company will remain as 20%.
The Implementation Regulation of the Finance Leasing
Law sets forth the provisions related to the contracts of the finance leasing
Finance leasing is more long-term than operating leasing.
Usually, under finance leasing, a third party buys the aircraft and leases it back to you.
Abdulrahman Al-Barak, the Shoura Council amended at its 16th session of its 3rd year of its fifth round the finance leasing
system, registered real estate mortgage system and the stock market system.
for high-value equipment offers efficiencies that can contribute to economic growth and companies are starting to realise that they do not have to own their assets to benefit from the planning of strategic acquisitions.
The main attraction of operating or finance leasing
is that precious capital is reserved for expenditure closer to the company's core, without affecting the balance sheet.
Type of financing offered by the leasing companies include tax-oriented finance leasing
, short-term operating leases, leveraged leases, conditional sales agreements, off-balance sheet loans and tax-exempt leasing.
It changed its name to Sembawang Capital in June 1995 to reflect the wide range of products and services it provides, including finance leasing
, office and industrial equipment, as well as factoring, syndicated loans and the financing of engineering projects.