HING YIP HLDGS (00132): Subsidiary Green Gold Leasing enters into finance lease with lessee
HING YIP HLDGS (00132) announced that on October 26, 2026, Green Gold Leasing, a subsidiary of the Company, entered into a finance lease with the lessee Fangyuan Environmental Protection (Hui'an) Co., Ltd., pursuant to which it acquired ownership of the assets from the lessee at a total consideration of RMB100 million (equivalent to approximately HK$117.5 million), and such assets will be leased back to the lessee for its use and possession for a term of eight years.
HING YIP HLDGS (00132) announced that on October 26, 2026, Green Gold Leasing, a subsidiary of the Company, entered into a finance lease with the lessee Fangyuan Environmental Protection (Hui'an) Co., Ltd., to acquire ownership of assets from the lessee at a total consideration of RMB100 million (equivalent to approximately HK$117.5 million), which assets will be leased back to the lessee for its use and possession for a term of eight years.
Asset 1 comprises certain designated sewage treatment equipment and facilities of the lessee located in Quanzhou City, Fujian Province, China. Asset 2 comprises certain other designated sewage treatment equipment and facilities of the lessee located in Quanzhou City, Fujian Province, China.
The Directors consider that the finance lease and the accompanying documents and the transactions contemplated thereunder were entered into on a fair basis and on normal commercial terms, and are fair and reasonable and in the overall best interests of the Group and the shareholders.
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