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China Development Bank Financial Leasing Co Ltd Class H ( (HK:1606) ) has shared an update.
China Development Bank Financial Leasing Co., Ltd. has announced a new finance lease transaction with Hainan Huatie Hornet Construction Machinery Equipment Co., Ltd. The company will purchase aerial work machinery and equipment from the lessee for RMB698,231,913.58 and lease it back for a period of 46 to 84 months. This transaction, when aggregated with previous transactions, constitutes a discloseable transaction under Hong Kong’s Listing Rules, requiring reporting and announcement but exempt from circular and shareholders’ approval.
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 finance lease services primarily in China. 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.
Average Trading Volume: 6,533,153
Technical Sentiment Signal: Buy
Current Market Cap: HK$15.93B
For a thorough assessment of 1606 stock, go to TipRanks’ Stock Analysis page.
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