Hing Yip Unit to Buy to Lease Back Assets
Hing Yip (HKG:0132) unit Canton Greengold Financial Leasing agreed to buy to lease back certain assets from Huludao Dongze Heating for 25 million yuan, according to a Wednesday Hong Kong bourse filing.The assets will be leased back to the lessee for 66 months for a total lease payment of 31.6 million yuan.The assets comprise designated heat supply equipment and facilities in Liaoning Province, China.