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China Development Bank Financial Leasing Co Ltd Class H ( (HK:1606) ) has shared an announcement.
China Development Bank Financial Leasing Co., Ltd. has entered into a major finance lease agreement with Kashgar Zhaoheng Clean Energy Co., Ltd. involving hydropower station generating equipment in Xinjiang, with the lessor purchasing the assets for RMB1.4 billion and determining their total value at about RMB1.604 billion. The 300‑month lease will see the lessee make quarterly payments covering principal equal to the transfer consideration and total lease interest of roughly RMB718 million, and the transaction, negotiated on an arm’s length basis and benchmarked to prevailing PRC lease pricing, is classified as a discloseable transaction under Hong Kong listing rules, underscoring the company’s role in long-term infrastructure and clean energy financing.
The most recent analyst rating on (HK:1606) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on China Development Bank Financial Leasing Co Ltd Class H stock, see the HK:1606 Stock Forecast page.
More about China Development Bank Financial Leasing Co Ltd Class H
China Development Bank Financial Leasing Co., Ltd. is a PRC-incorporated financial leasing company listed in Hong Kong, focused on providing long-term lease financing solutions. It operates as a non-bank institution and is not authorised to conduct banking or deposit-taking business in Hong Kong, positioning itself as an asset-based financier within mainland China’s leasing market.
Average Trading Volume: 3,687,875
Technical Sentiment Signal: Buy
Current Market Cap: HK$20.35B
Find detailed analytics on 1606 stock on TipRanks’ Stock Analysis page.