Hing Yip Holdings Announces Discloseable Finance Lease Transaction for Heat Supply Assets in PRC

Hing Yip Holdings Announces Discloseable Transaction: Finance Lease with Significant Asset Transfer

Hing Yip Holdings Limited (“the Company”, stock code: 00132) has announced a major discloseable transaction involving the entry into a finance lease agreement through its subsidiary, Greengold Leasing. This transaction centers on the acquisition and lease-back of designated heat supply equipment and facilities located in Qiqihar City, Heilongjiang Province, PRC, with a total consideration of RMB35,000,000 (approximately HK\$40,390,000).

Key Points of the Transaction

Transaction Structure: Greengold Leasing will acquire ownership of the assets from the Lessee, Gannan Jinxiu Property Management Co., Ltd., then immediately lease them back for a period of 5 years.
Total Lease Payments: Over the lease term, the Lessee will pay approximately RMB43,500,000 (about HK\$50,199,000), including the principal and lease interest plus incidental fees.
Guarantees and Security:
- The transaction is secured by an interest-free deposit of RMB1,000,000 (HK\$1,154,000) from the Lessee.
- Joint and several guarantees from Guarantor 1 (Tang Xianming) and Guarantor 2 (Ma Yuan), who collectively own the Lessee.
- Multiple layers of security:
  - Asset pledge agreement
  - Receivables pledge agreement (rights under heat supply permits, agreements, and government documents)
  - Equity pledge agreement (Guarantor 1 and Guarantor 2 pledge their 60% and 40% shareholding in the Lessee)
Lease Period and Terms: The lease commences upon payment for the asset transfer. Lease and interest payments are made quarterly. At lease end or early termination (with all payments settled), the Lessee may repurchase the assets for a nominal RMB100 (HK\$115.4).
Interest Rate Reference: Lease terms were negotiated with reference to the prevailing loan prime rate (3% as of the lease date), and adjusted for risk and return targets.

Strategic and Financial Impact

Revenue and Cash Flow: The deal is expected to generate stable revenue and cash flow for Hing Yip Holdings, aligning with Greengold Leasing’s business model and broader Group strategy.
Business Focus: Hing Yip Holdings is principally engaged in wellness elderly care, with strategic support from finance leasing, technology, and civil explosives, and investments in electric utilities.
Funding: The consideration for the asset transfer will be funded internally or via external banking facilities.
Shareholder Interests: The Board considers the transaction to be fair, reasonable, and in the best interests of shareholders.
Listing Rules: As one of the percentage ratios exceeds 5% (but is below 25%), this qualifies as a discloseable transaction under Hong Kong Listing Rules, which means it is significant enough to be announced but does not require shareholder approval.

Potential Share Price Sensitivity

The transaction brings a substantial asset acquisition with secured revenue and cash flow, which may positively impact investor sentiment and share price.
The Group’s continued expansion in finance leasing (especially in environmental protection projects) positions it for growth in stable sectors.
The robust security structure (asset, receivables, and equity pledges) mitigates credit risks, enhancing the attractiveness of the deal.

Board and Management

As of the announcement date, the Board consists of two executive Directors (Mr. HE Xiangming, Chairman; Mr. FU Weiqiang, President), one non-executive Director (Mr. LIU Jiali), and three independent non-executive Directors (Mr. CHAN Kwok Wai, Mr. PENG Xinyu, Ms. LIN Junxian).

Investor Takeaways

Investors should note the scale and security of this transaction, as well as its expected impact on revenue and cash flow.
The deal reinforces Hing Yip Holdings’ strategic direction in finance leasing, particularly within environmental protection and utility sectors.
The transaction is not expected to dilute shareholding or require approval, but its size and secured revenue may influence share price positively.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consider their own circumstances and consult with professional advisors before making investment decisions. The details herein are based on company disclosures and may be subject to change or further regulatory review.

興業控股公布可披露交易：重大融資租賃及資產轉讓

興業控股有限公司（股份代號：00132）宣布，透過其子公司 綠金融資租賃有限公司，進行一項重大可披露交易，涉及收購及回租位於中國黑龍江省齊齊哈爾市的指定熱供應設備及設施，總作價為 人民幣3,500萬元（約 港幣4,039萬元）。

交易重點

交易結構： 綠金融資租賃將從承租人甘南縣錦繡物業管理有限責任公司獲得資產所有權，並即時回租予其使用，租期 5年。
總租賃付款： 承租人在租期內將支付約 人民幣4,350萬元（約港幣5,019.9萬元），包括本金及租賃利息及相關費用。
擔保及抵押：
- 承租人須支付無息保證金人民幣100萬元（港幣115.4萬元）。
- 擔保人（唐鮮明、馬源）聯合及個別擔保承租人所有債務。
- 多重抵押：
  - 資產質押協議
  - 應收款質押協議（熱供應許可、協議及政府文件）
  - 股權質押協議（擔保人分別質押承租人60%及40%股權）
租期及條款： 資產轉讓款支付後即生效，租金及利息按季度支付，租期屆滿或提前終止（需結清所有款項），承租人可用象徵性人民幣100元（港幣115.4元）回購資產。
利率參考： 租賃條款參考當時貸款市場利率（本次為3%），並按風險及回報調整。

戰略及財務影響

收入及現金流： 此項交易將為集團帶來穩定收入及現金流，符合綠金融資租賃及集團發展方向。
業務重點： 集團主營養老健康產業，金融租賃、科技及民爆業務為戰略支撐，並參與中國電力行業投資。
資金來源： 資產轉讓款由集團內部資源或外部銀行貸款支付。
股東利益： 董事會認為交易公平合理，符合集團及股東整體利益。
上市規則： 由於交易比率超過5%（低於25%），屬於可披露交易，必須公告但無需股東批准。

可能影響股價

此交易帶來重大資產收購及穩定收入，或有助提升投資者信心及股價。
集團金融租賃業務（尤其環保項目）繼續擴展，增強增長動力。
多重抵押保障降低信用風險，提升交易吸引力。

董事會組成

截至公告日，董事會由兩名執行董事（何向明主席、傅偉強總裁）、一名非執行董事（劉嘉力），三名獨立非執行董事（陳國偉、彭新宇、林俊賢）組成。

投資者關注事項

投資者應留意此交易規模及保障措施，以及對收入和現金流的預期影響。
此交易強化集團金融租賃在環保及電力領域的戰略佈局。
此交易無需股東批准，不會稀釋股權，但其規模及保障收入或影響股價。

免責聲明： 本文僅供參考，不構成投資建議。投資者應根據自身情況及咨詢專業意見作出投資決策。本文內容基於公司公告，可能會有變動或受監管審查。