Hing Yip Holdings Limited Announces Major Finance Lease Transaction as Lessor
Date: 22 July 2026
Key Highlights of the Transaction
- Transaction Type: Major transaction under Hong Kong Listing Rules involving a finance lease as lessor.
- Parties Involved: Greengold Leasing (subsidiary of Hing Yip Holdings), the Lessee (Naimanqi Huaqiang Heating Co., Ltd.), and several Guarantors.
- Transaction Value: Greengold Leasing acquires ownership of certain assets from the Lessee for RMB44,539,332.38 (approx. HK\$51,621,000), then leases them back to the Lessee for 5 years.
- Total Lease Payments: Over the 5-year term, the Lessee will pay RMB53,363,140.44 (approx. HK\$61,848,000), covering principal, interest, and fees.
- Security Package: Includes asset pledges, receivables pledges (up to RMB165 million), franchise rights pledges, and an equity pledge by Guarantor 2.
- Shareholder Approval: Prize Rich Inc. (holding 71.41% of shares) has approved; no general meeting required.
- Shareholder Impact: No shareholder is materially interested or required to abstain from voting.
- Disclosure: A circular with more details will be released by 12 August 2026.
Detailed Transaction Terms
- Date of Finance Lease: 22 July 2026. Transaction is effective upon compliance with Listing Rules.
- Assets: Designated heat supply equipment and facilities in Tongliao City, Inner Mongolia, PRC.
- Consideration: RMB44.54 million, determined via arm’s length negotiation and referencing original asset cost (RMB50.34 million).
- Lease Term: 5 years from payment date.
- Lease Payments: Quarterly, including principal and interest (referenced to prevailing PRC loan prime rate, 3% as of lease date).
- Early Termination: Allowed if all dues and RMB150,000 compensation (waived if no default) are paid. At end of term or early termination, lessee can buy back assets for RMB100.
- Guarantee Deposit: Interest-free deposit of RMB1.11 million to be paid by Lessee.
- Guarantees: Five guarantors (three companies, two individuals) provide joint and several guarantees.
- Pledges: Asset pledge, receivables pledge (RMB165m), franchise rights pledge, and equity pledge (100% of Lessee’s shares) to secure lease obligations.
- Lessee Obligations: Lessee responsible for maintenance, taxes, and other costs on the assets.
Strategic Rationale and Shareholder Relevance
- Business Strategy: Finance leasing is a core business supporting the Group’s focus on wellness elderly care, finance leasing, technology, and civil explosives, plus investments in fast-growing sectors such as PRC electric utilities.
- Revenue Impact: Transaction is expected to generate stable revenue and cash flow for Hing Yip Holdings.
- Risk Management: Comprehensive security package (multiple pledges and guarantees) provides strong risk mitigation.
- Transaction Terms: Considered fair, reasonable, and in the best interests of all shareholders.
Listing Rules and Shareholder Approval
- This transaction, when aggregated with an earlier finance lease signed on 9 July 2026 with the same lessee, exceeds 25% (but less than 100%) of the relevant percentage ratios, making it a major transaction under HKEx rules.
- As Prize Rich Inc. (71.41% shareholder) provided written approval, no general meeting is needed and no shareholders need to abstain.
Principal Parties Overview
- Hing Yip Holdings: Focused on wellness elderly care, finance leasing, technology, civil explosives, and investments in PRC utilities.
- Greengold Leasing: Focused on environmental protection finance leasing in the PRC.
- Lessee: Naimanqi Huaqiang Heating Co., Ltd., a PRC-based heat supply company, wholly owned by Guarantor 2.
- Guarantors: Companies engaged in environmental engineering, waste appliance treatment, and individuals who are shareholders of Guarantor 2.
Potential Share Price Impact
- This is a significant transaction that enhances the Group’s finance leasing portfolio and cash flow, with strong risk controls and major shareholder approval. The stable revenue and comprehensive security structure could be viewed positively by investors and may impact the share price.
- The transaction demonstrates Hing Yip’s continued execution of its core business strategy and prudent risk management, reinforcing its position in the finance leasing market.
Next Steps
- A detailed circular will be published on the Stock Exchange and company websites by 12 August 2026, providing further information for investors.
Disclaimer: This article is based on the official announcement from Hing Yip Holdings Limited and is intended for informational purposes only. It does not constitute investment advice. Investors are encouraged to review the forthcoming circular and consult their own advisers before making investment decisions.
興業控股有限公司宣佈成為出租人之重大融資租賃交易
日期：2026年7月22日
交易重點概覽
- 交易性質：根據香港上市規則屬重大交易，涉及作為出租人的融資租賃。
- 參與方：Greengold Leasing（興業控股子公司）、承租人（奈曼旗華強供熱有限公司）及多名擔保人。
- 交易金額：Greengold Leasing以人民幣44,539,332.38元（約港幣51,621,000元）收購資產所有權，並租回給承租人5年。
- 租賃總付款：承租人於5年內須支付人民幣53,363,140.44元（約港幣61,848,000元），涵蓋本金、利息及相關費用。
- 擔保安排：包括資產質押、應收賬款質押（最高人民幣1.65億元）、特許經營權質押及第二擔保人之股權質押。
- 股東批准：控股股東Prize Rich Inc.（持股71.41%）已書面批准，無需召開股東大會。
- 對股東影響：無任何股東被視為有重大利益，無需回避表決。
- 信息披露：更詳細通函將於2026年8月12日或之前刊登。
交易詳情
- 簽約日期：2026年7月22日，生效需符合上市規則。
- 資產內容：位於內蒙古通遼市之指定供熱設備及設施。
- 交易對價：人民幣4,454萬元，參考資產原值（約人民幣5,034萬元）經公平磋商訂定。
- 租賃期：自付款日起計5年。
- 租金支付：每季支付本金及利息（參考當前中國貸款市場報價利率，現為3%）。
- 提前終止：承租人可提前終止，須結清所有款項及支付人民幣15萬元補償金（如無違約則可豁免）。期滿或提前終止後，可用人民幣100元購回資產。
- 保證金：承租人需繳付無息保證金人民幣111.3萬元。
- 擔保人：五名（包括三家公司及兩位自然人）聯合及個別提供擔保。
- 質押安排：資產質押、應收賬款質押（1.65億元）、特許經營權質押、股權質押（承租人100%股權），保障租賃債權。
- 承租人義務：負責資產維護、稅項及其他相關開支。
戰略意義及股東關注重點
- 業務策略：融資租賃為集團重點業務，配合長者健康護理、科技、民用爆炸品等業務，並投資於國內高增長行業如電力等。
- 收入影響：預期本交易將為集團帶來穩定收入及現金流。
- 風險管理：多重質押及擔保措施有效控制風險。
- 交易條款：董事認為屬於公平合理，符合全體股東最佳利益。
上市規則和股東批准
- 此交易加上2026年7月9日與同一承租人簽訂的舊融資租賃協議後，相關比率超過25%（少於100%），屬重大交易。
- 控股股東Prize Rich Inc.（持股71.41%）書面批准，無需召開股東大會，亦無股東需回避。
主要交易方簡介
- 興業控股：主營長者健康護理、融資租賃、科技、民用爆炸品及國內電力行業投資。
- Greengold Leasing：專注於國內環保項目融資租賃。
- 承租人：奈曼旗華強供熱有限公司，由第二擔保人全資擁有，主營供熱。
- 擔保人：涉及環保工程、廢舊家電處理公司及兩名自然人股東。
潛在股價影響
- 本次重大交易進一步拓展集團融資租賃業務並鞏固現金流，強風險控制及大股東支持，有望獲投資者正面評價並影響股價。
- 反映興業控股持續推進主營業務及審慎風險管理，加強其在融資租賃市場之地位。
後續安排
- 詳細通函將於2026年8月12日或之前在聯交所及公司網站發佈，供投資者參閱。
免責聲明：本文章根據興業控股有限公司公告編寫，僅供資訊參考，並不構成投資建議。投資者應參閱即將發佈之通函及諮詢專業意見後作出投資決定。