China Development Bank Financial Leasing Co., Ltd. Expands in IT Leasing Market with Major Acquisition

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

China Development Bank Financial Leasing Co., Ltd. announced a significant transaction involving the purchase of 1,198 units of information technology computer equipment for RMB1,040,000,000. This transaction, categorized as a discloseable transaction under Hong Kong’s Listing Rules, aims to enhance the company’s market share in the computer equipment operating lease market and aligns with China’s national strategy to bolster technological infrastructure.

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 for various sectors. The company is not an authorized banking institution in Hong Kong and is not subject to the supervision of the Hong Kong Monetary Authority.

Average Trading Volume: 8,823,770

Technical Sentiment Signal: Buy

Current Market Cap: HK$21.37B

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