HING YIP HLDGS (00132) enters into a leasing agreement with Pingyao Biyuan Water Supply Co., Ltd.

HING YIP HLDGS (00132) announced that on January 23, 2025, its subsidiary Green Gold Leasing entered into a finance lease agreement with the lessee (Pinyao Biyuan Water Supply Co., Ltd.) for a consideration of RMB 30 million for the lessee to acquire ownership of certain designated water supply equipment and facilities located in Jinzhong City, Shanxi Province, China. The leased assets will be leased back to the lessee for their use and possession for a period of five years.