Hing Yip Unit to Buy to Lease Back Gas Equipment

MT Newswires Live

10/16

Hing Yip (HKG:0132) unit Canton Greengold Financial Leasing will buy to lease back certain gas equipment and facilities in Shanxi Province, China, from Changzi Aizhong Gas for 30 million yuan, a Thursday Hong Kong bourse filing said.

The assets will then be leased back to the lessee for four years for a total finance lease payment of 35.2 million yuan.

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