-- Hing Yip (HKG:0132) unit Canton Greengold Financial Leasing will buy to lease back certain assets from Foshan City Yueqiao Construction Investment for 70 million yuan, according to a Tuesday filing with the Hong Kong bourse.
The assets will be leased back to the lessee for 60 months for a total lease payment of around 82.6 million yuan.
The assets comprise multi-level parking garage, glass curtain walls, interior doors and windows, and air conditioning system equipment and facilities of the lessee's commercial building in Guangdong Province, China.