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The latest update is out from China Development Bank Financial Leasing Co Ltd Class H ( (HK:1606) ).
China Development Bank Financial Leasing Co., Ltd. announced a finance lease transaction with Shanghai Mingxing Auto Service Co., Ltd., involving the purchase and leaseback of vehicles worth RMB182,000,000 for a 12-month period. This transaction, when aggregated with previous similar transactions, constitutes a discloseable transaction under Hong Kong’s Listing Rules, requiring reporting and announcement but exempt from circular and shareholders’ approval requirements.
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, providing leasing services primarily focused on vehicles and other assets. The company is not authorized to conduct banking or deposit-taking business in Hong Kong and is not under the supervision of the Hong Kong Monetary Authority.
YTD Price Performance: 26.61%
Average Trading Volume: 5,454,502
Technical Sentiment Signal: Buy
Current Market Cap: HK$21.11B
See more data about 1606 stock on TipRanks’ Stock Analysis page.