Hing Yip (HKG:0132) unit Canton Greengold Financial Leasing agreed to buy to lease back certain assets from Gansu Ruiying Heating for 25 million yuan, according to a Thursday Hong Kong bourse filing.
The assets, comprising designated heat supply equipment and facilities in Gansu Province, China, will be leased back to the lessee for six years for a lease payment of 31.2 million yuan.