Leader Education (HKG:1449) affiliate Heilongjiang College of Business and Technology sold school equipment to Chengtay Finance Lease Shanghai for 50 million yuan under a sale-leaseback deal, according to a Thursday filing with the Hong Kong Exchange.

The equipment includes a smart media terminal, experimental equipment, microscope, machine tools, computer, projector, air conditioner, piano, and other equipment, the filing said.

Chengtay will lease back the equipment to the school for 54.9 million yuan for 36 months, the filing said.