Hing Yip Holdings (HKG:0132) a subsidiary of the company, Greengold Leasing has entered into finance leases to acquire two assets for a total of 120 million yuan, with a lease-back term of five years.

These transactions, deemed disclosable under listing rules, exceed 5% of the applicable percentage ratios but are less than 25%.

The agreements, effective Dec. 30, involve Greengold Leasing acquiring asset ownership from the lessee and leasing them back, with payment plans established for 71.3 million yuan each in lease payments over the term.

The finance leases were negotiated with reference to asset costs, conditions, and leasing environment factors like the 3.1% loan prime rate.

The company will use internal and external resources to fund the acquisition, with lease terms reflecting market rates and risk assessments.

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