HING YIP HLDGS: Green Gold Leasing and Ruichuan Solid Waste Treatment in Dingzhou signed a financing lease
HING YIP HLDGS's subsidiary, Green Gold Leasing, has signed a financing lease agreement with Ruichuan Solid Waste Treatment Co., Ltd. in Dingzhou City, with a total amount of 80 million yuan. The lease term is eight years. The leased assets include multiple waste incineration facilities located in Baoding City, Hebei Province. This move is expected to bring stable income and cash flow to HING YIP HLDGS Group
According to the announcement from HING YIP HLDGS (00132), on October 31, 2025, the company's subsidiary, Green Gold Leasing, entered into a financing lease with the lessee, Ruichuan Solid Waste Treatment Co., Ltd. in Dingzhou City, for a total consideration of RMB 80 million to acquire ownership of assets from the lessee. These assets will be leased back to the lessee for their use and possession, with a term of eight years.
Asset 1 includes several designated waste incineration equipment and facilities located in Baoding City, Hebei Province, China, belonging to the lessee. Asset 2 includes other designated waste incineration equipment and facilities located in Baoding City, Hebei Province, China, belonging to the lessee. Asset 3 includes additional designated waste incineration equipment and facilities located in Baoding City, Hebei Province, China, belonging to the lessee.
The execution of the financing lease and accompanying documents is part of the general and normal business process of Green Gold Leasing and is expected to provide stable income and cash flow for the group
