HING YIP HLDGS (00132.HK): Subsidiary Enters Finance Lease as Lessor, Acquires Yancheng Sewage Treatment Assets for RMB 20 Million and Leases Them Back for Three Years
- Aggregate payments under the finance lease amount to approximately RMB 22,547,000 (equivalent to approximately HKD 26,357,000), comprising lease principal of RMB 20,000,000 and interest and other expenses of approximately RMB 2,547,000, payable quarterly.
- The assets comprise certain designated sewage treatment equipment and facilities of the lessee in Yancheng City, Jiangsu Province, with an original cost of approximately RMB 29,321,000 (equivalent to approximately HKD 34,276,000).
- The guarantors provided joint and several guarantees, the lessee pledged its receivables and franchise rights under two sewage treatment agreements, and guarantor 1 pledged 100% of the equity interest in the lessee.
NewTimeSpace News: On 14 September 2026, Hing Yip Holdings Limited (stock code: 00132.HK) announced that Guangdong Lujin Finance Leasing Co., Ltd., a subsidiary of the Company, as lessor, entered into a finance lease with the lessee, Sheyang County Sewage Treatment Co., Ltd., to acquire ownership of the assets from the lessee at a consideration of RMB 20,000,000 (equivalent to approximately HKD 23,380,000), with the assets to be leased back to the lessee for use and possession for a term of three years.
The announcement disclosed that the aggregate payments under the finance lease amount to approximately RMB 22,547,000 (equivalent to approximately HKD 26,357,000), comprising lease principal payments of RMB 20,000,000 (equivalent to approximately HKD 23,380,000) and total lease interest together with other fees and expenses under the ancillary documents of approximately RMB 2,547,000 (equivalent to approximately HKD 2,977,000), payable quarterly during the lease term. The consideration was determined after arm's length negotiation with reference to the original cost of the assets of approximately RMB 29,321,000 (equivalent to approximately HKD 34,276,000) and their condition, and will be funded by the Group's internal resources and/or external bank financing. The assets comprise certain designated sewage treatment equipment and facilities of the lessee located in Yancheng City, Jiangsu Province, the PRC.
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