HS Group (00132.HK) announced that its subsidiary, GreenGold Leasing, has acquired the ownership of certain designated heating equipment and facilities in Yushu, Jilin Province from lessee Yushu City in exchange for RMB 35 million (approximately HKD 37.59 million). The assets will be subleased back to the lessee for their use and possession for a period of 54 months.
The total payment for the financing lease is approximately RMB 41.686 million (approximately HKD 44.771 million), which includes a principal payment of RMB 35 million, as well as the total amount of lease interest and other expenses under the associated documents of approximately RMB 6.686 million (approximately HKD 7.181 million).