HING YIP HLDGS(00132) enters into a financing lease agreement for certain designated sewage treatment equipment and facilities.

date
18:03 04/03/2026
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GMT Eight
Xingye Holdings (00132) announced that on March 4, 2026, its subsidiary, Lvjin Leasing, entered into a financing lease agreement with lessees (Changsha Liantai Water Quality Purification Co., Ltd. and Shaoyang Liantai Jiangbei Water Service Co., Ltd.) for a consideration of RMB 70 million (equivalent to approximately HKD 79.17 million) for the lessees to acquire ownership of the assets. The leased assets will be leased back to the lessees for their use and possession for a period of six years.
HING YIP HLDGS (00132) announced that on March 4, 2026, its subsidiary Green Gold Leasing entered into a financing lease with lessees (Changsha Liantai Water Treatment Co., Ltd. and Shaoyang Liantai Jiangbei Water Co., Ltd.), for a consideration of RMB 70 million (equivalent to approximately HKD 79.17 million) to transfer ownership of assets to the lessees. The leased assets will be leased back to the lessees for their use and possession for a period of six years. The total payment for the financing lease is approximately RMB 83.75 million (equivalent to approximately HKD 94.72 million), including the lease principal payment of RMB 70 million (equivalent to approximately HKD 79.17 million) and the total lease interest and other costs and expenses under the relevant documents of approximately RMB 13.75 million (equivalent to approximately HKD 15.55 million). The assets include various specified sewage treatment equipment and facilities located in Changsha and Shaoyang, Hunan Province, China. The execution of the financing lease and related documents is a normal business process for Green Gold Leasing and is expected to provide stable income and cash flow for the Group.