China Development Bank Financial Leasing Co., Ltd. Expands Renewable Energy Portfolio with Major Equipment Purchase

An update from China Development Bank Financial Leasing Co Ltd Class H ( (HK:1606) ) is now available.

China Development Bank Financial Leasing Co., Ltd. announced a discloseable transaction involving the purchase of photovoltaic power generation equipment for RMB529,369,100 from Sichuan Juxing Energy Management Co., Ltd. and Shanghai Trina Power Co., Ltd. This transaction, combined with a previous purchase, surpasses the 5% threshold for discloseable transactions under Hong Kong’s Listing Rules but remains below 25%, thus requiring reporting and announcement without necessitating shareholder approval. This strategic acquisition aligns with the company’s focus on expanding its operating lease business in the renewable energy sector, potentially enhancing its market position and offering new opportunities for growth.

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, including aviation, infrastructure, and energy. 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: -22.01%

Average Trading Volume: 3,002

Technical Sentiment Signal: Buy

Current Market Cap: €1.69B

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