Greengold Leasing, a subsidiary of Hing Yip Holdings Limited, has entered into a finance lease agreement with Huaihua Quancheng Sewage Treatment Co., Ltd., an independent third party company based in the People's Republic of China. As part of the transaction, Greengold Leasing will acquire ownership of certain assets from the lessee for a consideration of RMB30,000,000 (approximately HK$32,730,000). These assets will then be leased back to the lessee for their continued use. This transaction marks a significant move for Greengold Leasing in expanding its leasing operations within the region.
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