CDB Leasing Strikes RMB1.62 Billion Wind Power Finance Lease With Ningxia Zecheng

China Development Bank Financial Leasing Co Ltd Class H ( (HK:1606) ) has provided an announcement.

China Development Bank Financial Leasing has entered into a finance lease deal with Ningxia Zecheng New Energy, involving wind power generation equipment in the Ningxia Hui Autonomous Region valued at about RMB1.97 billion. Under the arrangement, the leasing company will buy the assets from the lessee for RMB1.62 billion and lease them back over 132 months, reflecting its continued push into renewable energy-related leasing.

The transaction, classified as a discloseable transaction under Hong Kong listing rules, comprises lease principal equal to the purchase price and about RMB320 million in lease interest, to be repaid quarterly in RMB. The terms were agreed on an arm’s-length basis and benchmarked against prevailing PRC finance lease pricing, underscoring steady demand for long-term financing in China’s wind power sector and adding a sizeable income-generating asset to the lessor’s portfolio.

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, focusing on providing structured lease financing solutions. It operates as a non-bank institution, offering finance leases across sectors such as infrastructure and energy, without being authorised to conduct banking or deposit-taking business in Hong Kong.

Average Trading Volume: 3,751,006

Technical Sentiment Signal: Hold

Current Market Cap: HK$17.83B

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