Capital Industrial Financial Services Group (HKG:0730) unit South China International Leasing agreed to sell certain accounts receivables to Sichuan Xinhuang Jiuhe Financial Leasing for up to 300 million yuan, a Jan. 24 bourse filing said.

The accounts receivables have maturity terms of one year and an interest rate of 10% per annum, according to the collateral financing company.

The accounts receivables consist of a lease payment of 300 million yuan owed to South China International Leasing from its customers.

The company will use proceeds from the disposal for its general working capital.