China Development Bank Financial Leasing Approves Capital Injection for Aviation Subsidiary

China Development Bank Financial Leasing Co Ltd Class H ( (HK:1606) ) just unveiled an update.

China Development Bank Financial Leasing Co., Ltd. announced the successful passing of a resolution at its Extraordinary General Meeting to inject capital into its wholly-owned subsidiary, CDB Aviation Lease Finance Designated Activity Company. This capital injection is subject to approvals from the Shenzhen Office of the National Financial Regulatory Administration and the National Development and Reform Commission. The unanimous approval of the resolution by shareholders, representing 75.53% of the total issued shares, underscores strong support for the company’s strategic initiatives in enhancing its aviation leasing 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 providing leasing services primarily in the aviation sector. 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: 29.64%

Average Trading Volume: 8,108,546

Technical Sentiment Signal: Buy

Current Market Cap: HK$21.62B

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