HING YIP HLDGS(00132): Green Gold Leasing and Hengtai Heating in Linsi County enter into a financial leasing agreement.

HING YIP HLDGS (00132) announced that on November 18, 2024, its subsidiary Green Gold Leasing entered into a financing lease agreement with lessee Linxi County Hengtai Heat Energy Co., Ltd., for a consideration of RMB 80 million for the lessee to acquire ownership of certain designated heat production and transmission equipment and facilities in Chifeng City, Inner Mongolia Autonomous Region, China. The assets will be leased back to the lessee for their use and possession for a term of five years. The financing lease agreement and related documents are part of the normal business operations of Green Gold Leasing and are expected to provide stable income and cash flow for the group.