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Hing Yip Unit Greengold Leasing Enters RMB36 Million Sale-and-Leaseback Deal

Story Highlights
  • Hing Yip’s Greengold Leasing bought assets for RMB36 million and leased them back for six years.
  • The leaseback deal, a discloseable transaction, will yield about RMB45 million in payments and expand its leasing portfolio.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Hing Yip Unit Greengold Leasing Enters RMB36 Million Sale-and-Leaseback Deal

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An update from China Investments Holdings Limited ( (HK:0132) ) is now available.

Hing Yip Holdings Limited’s subsidiary Greengold Leasing has entered into two finance lease arrangements with an independent third-party lessee, acquiring unencumbered ownership of two sets of assets for a total of RMB36 million and leasing them back to the lessee for six years. The transaction, funded by internal resources and/or external banking facilities, will generate a combined lease payment stream of about RMB45.22 million including interest and fees, and qualifies as a discloseable transaction under Hong Kong listing rules, underscoring the group’s ongoing deployment of leasing finance to enhance returns while expanding its leasing portfolio.

The most recent analyst rating on (HK:0132) stock is a Hold with a HK$0.25 price target. To see the full list of analyst forecasts on China Investments Holdings Limited stock, see the HK:0132 Stock Forecast page.

More about China Investments Holdings Limited

Hing Yip Holdings Limited, incorporated in Bermuda and listed in Hong Kong, operates through subsidiaries including Greengold Leasing to provide financing solutions such as finance leases, using its own capital and banking facilities to support clients’ asset-based funding needs.

Average Trading Volume: 90,459

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$405.8M

For an in-depth examination of 0132 stock, go to TipRanks’ Overview page.

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