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An announcement from China Development Bank Financial Leasing Co Ltd Class H ( (HK:1606) ) is now available.
China Development Bank Financial Leasing Co., Ltd. has entered into a finance lease transaction with Mulei Jieneng New Energy Co., Ltd. involving wind power equipment and ancillary facilities in Xinjiang, valued at approximately RMB1.11 billion. The company will purchase the assets for RMB1 billion and lease them back over 204 months, with total lease interest of about RMB276 million paid quarterly in renminbi.
The deal, classified as a discloseable transaction under Hong Kong listing rules with an applicable percentage ratio above 5% but below 25%, requires reporting and announcement but not shareholder approval or a circular. The transaction underscores the company’s role in financing renewable energy infrastructure in mainland China, expanding its leasing portfolio while supporting the development of long-term wind power assets for an independent third-party client.
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 that structures lease-based financing solutions. It focuses on providing long-term finance lease products to corporate clients across sectors such as infrastructure and energy, leveraging asset-backed leasing structures rather than traditional banking or deposit-taking services.
YTD Price Performance: -11.63%
Average Trading Volume: 3,292,427
Technical Sentiment Signal: Buy
Current Market Cap: HK$19.22B
See more data about 1606 stock on TipRanks’ Stock Analysis page.