Hing Yip HLDGS (00132) subsidiary entered into a financing lease with Guangdong Shunde Le Control Group.

HING YIP HLDGS (00132) announced that on November 20, 2024, its subsidiary Green Gold Leasing entered into a finance lease agreement with the lessee (Guangdong Shunde Leekon Group Co., Ltd.) for a total consideration of RMB 108 million. The lessee will acquire ownership of the assets, which will be leased back to the lessee for their use and possession for a period of five years. Asset 1 includes certain specified vehicle loading equipment and facilities located in Foshan City, Guangdong Province, China. Asset 2 includes other specified vehicle loading equipment and facilities located in Foshan City, Guangdong Province, China.