China Development Bank Financial Leasing Announces Aircraft Sale to United Airlines

An update from China Development Bank Financial Leasing Co Ltd Class H ( (HK:1606) ) is now available.

China Development Bank Financial Leasing Co., Ltd. announced a discloseable transaction involving the sale of a 787-9 aircraft to United Airlines. This transaction, combined with a previous similar sale, exceeds the 5% threshold for discloseable transactions under Hong Kong’s Listing Rules, necessitating an announcement. The company received a waiver from strict compliance with certain disclosure requirements due to the economic equivalence of the transaction structure and the potential adverse impact of full disclosure on its operations.

The most recent analyst rating on (HK:1606) stock is a Buy 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. operates in the financial leasing industry, focusing on aircraft leasing. It is a joint stock limited company incorporated in the People’s Republic of China and is not authorized to carry on banking or deposit-taking business in Hong Kong.

Average Trading Volume: 8,032,740

Technical Sentiment Signal: Buy

Current Market Cap: HK$21.62B

For an in-depth examination of 1606 stock, go to TipRanks’ Overview page.