BAIYING HOLDING's subsidiary entered into a sale-and-leaseback transaction with Chengxiang Group, pre-earning HKD 5.4635 million
BAIYING HOLDING signed a sale-leaseback transaction with Chengxiang Group, where the buyer Xiamen BAIYING Financial Leasing purchased the leased assets for RMB 24 million and will lease them back for 36 months, expecting to earn approximately RMB 5.4635 million in total revenue over three years. The leased assets include submersible pumps, diesel generator sets, monitoring robots, and equipment
According to the announcement from BAIYING HOLDING (08525), on July 28, 2025, the buyer Xiamen BAIYING Financial Leasing entered into a sale and leaseback transaction with Chengxiang Group based on the financial leasing agreement. Under the financial leasing agreement, the buyer agrees to purchase the leaseback assets from Chengxiang Group for RMB 24 million (equivalent to approximately HKD 26.3786 million) and lease the leaseback assets to Chengxiang Group for a period of 36 months, receiving lease payments in return.
It is reported that the leaseback assets include six submersible electric pumps, six diesel generator sets, one pipeline closed-circuit monitoring inspection robot, and a set of monitoring equipment.
The buyer mainly engages in financial leasing business, leasing business, and factoring services in China. The lessee under the financial leasing agreement, Putian Chengxiang, is a wholly-owned subsidiary of Chengxiang Group. The lessee Chengxiang Group under the financial leasing agreement is directly wholly owned by the State-owned Assets Supervision and Administration Commission of Chengxiang District, Putian City. These financial leasing agreements are expected to allow the group to earn a total revenue of approximately RMB 5.4635 million (equivalent to approximately HKD 6.005 million) over the three-year lease term
