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FINWIRES

Hing Yip Unit to Buy to Lease Back Heat Supply Equipment

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Hing Yip (HKG:0132) unit Canton Greengold Financial Leasing will buy to lease back certain assets from Linxi Hengtai Heating for 40 million yuan, according to a Monday Hong Kong bourse filing.

The assets, comprising certain designated heat supply equipment and facilities, will then be leased back to the lessee for five years for a total lease payment of 48.5 million yuan.

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