China Development Bank Financial Leasing Co., Ltd. Enters Finance Lease Agreement for Photovoltaic Power Station

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

China Development Bank Financial Leasing Co., Ltd. has entered into a finance lease agreement with Qinghai Huangnan Yuedian New Energy Co., Ltd. for photovoltaic power station facilities located in Qinghai Province, China. The transaction involves the purchase of leased assets for RMB1,220,000,000 and a lease period of 192 months, with a total lease interest of approximately RMB400,000,000. This transaction, classified as a discloseable transaction under Chapter 14 of the Listing Rules, highlights the company’s strategic focus on expanding its leasing operations in the renewable energy sector, potentially enhancing its market position and offering growth opportunities for stakeholders.

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. is a joint stock limited company incorporated in the People’s Republic of China. It is not an authorized institution within the meaning of the Banking Ordinance and is not authorized to carry on banking or deposit-taking business in Hong Kong. The company is not subject to the supervision of the Hong Kong Monetary Authority.

Average Trading Volume: 7,749,457

Technical Sentiment Signal: Buy

Current Market Cap: HK$21.37B

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