Alliance International Education Leasing Holdings (HKG:1563) said its wholly owned subsidiary entered into two separate finance lease agreements, according to Tuesday's Hong Kong bourse filings.

On June 19, its Shenzhen-based leasing arm agreed to buy production and R&D equipment from Hunan Joysun New Energy for 50 million yuan and lease it back over three years for a total lease payment of 55.5 million yuan.

Separately, on July 29, the same leasing unit signed a similar arrangement with Loudi Wujo Industrial involving equipment worth 50 million yuan, also leased back over three years for a total of 55.5 million yuan.

Shares of the company gained over 6% in Wednesday morning trade.