BAIYING HOLDING's subsidiary enters into a sale and leaseback transaction with Jiuxian
BAIYING HOLDING announced that its wholly-owned subsidiary has signed a sale-and-leaseback transaction with Jiuxian, with a transaction amount of 30 million yuan. The lease term is 36 months. The buyer will purchase and lease 3 sets of power supply equipment, 3 sets of water supply equipment, and 2 distribution panels, with an expected total revenue of approximately 3.0953 million yuan during the lease term. The board of directors believes that the terms of the agreement are fair and reasonable, in line with the interests of the group and shareholders
According to the announcement from BAIYING HOLDING (08525), on October 21, 2025 (after the market closes), the buyer (Xiamen Baiying Financial Leasing Co., Ltd., an indirect wholly-owned subsidiary of the company) entered into a sale and leaseback transaction with Jiuxian (Jiuxian Industrial Investment Development Group Co., Ltd.) under the financing lease agreement. According to the financing lease agreement, the buyer agrees to purchase the leased assets from Jiuxian for a price of RMB 30 million (approximately HKD 32.8365 million) and lease back the assets to Jiuxian for a period of 36 months, receiving lease payments in return.
The leased assets consist of 3 sets of power supply equipment, 3 sets of water supply equipment, and 2 distribution panels.
The announcement states that the buyer primarily engages in financing leasing business in China. The financing lease agreement is expected to generate approximately RMB 3.0953 million (approximately HKD 3.388 million) in total revenue for the group over the three-year lease term. Given that the financing lease agreement was entered into in the ordinary course of the buyer's general and daily business, and was established with the lessee on normal commercial terms, the directors believe that the terms of the financing lease agreement are fair and reasonable and in the overall interests of the group and its shareholders
