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

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

China Development Bank Financial Leasing Co., Ltd. has announced a discloseable transaction involving the purchase of 1,372 units of information technology computer equipment from Shandong Zhisuo Information Technology Co., Ltd. for RMB1,108,000,000. This transaction, which will be funded through the company’s own funds and/or commercial bank loans, aims to enhance the company’s market share in the computer equipment operating lease market. By entering into the Product Purchase Agreement, the company seeks to leverage its strengths and contribute to the national strategy of strengthening technological infrastructure, ultimately benefiting its shareholders and aligning with its business objectives.

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, primarily focusing on providing leasing services for various assets, including information technology equipment. The company is dedicated to supporting the national strategy of enhancing technological infrastructure through its leasing services.

Average Trading Volume: 7,833,844

Technical Sentiment Signal: Buy

Current Market Cap: HK$20.99B

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