Hing Yip Enters Sale, Leaseback Deal for Heat Supply Equipment, Facilities with Shangli Yisen Energy

MT Newswires Live

01/20

Hing Yip (HKG:0132) said it entered a sale and leaseback arrangement with Shangli Yisen Energy Technology, according to a Hong Kong bourse filing Tuesday.

Under the agreement, the firm will buy certain designated heat supply equipment and facilities of Shangli Yisen Energy for 10 million yuan and lease them back to the company for 11.9 million yuan for a period of five years.

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