Hing Yip Hldgs (00132.HK) announced that its subsidiary, Green Gold Leasing, has entered into a financing leasing agreement with the lessee Fangcheng County Linghai Sewerage Treatment Co., Ltd., to acquire certain designated sewerage treatment equipment and facilities in Nanyang City, Henan Province, for a consideration of 35 million RMB, and then lease back these assets to the lessee for their use and occupation. The lease term is five years, with a total lease payment of approximately 41.595 million RMB.

At the end of the lease term or in case of early termination of the financing lease, after settling all outstanding overdue amounts, the lessee can repurchase the above assets for a nominal purchase price of 100 RMB.