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China Development Bank Financial Leasing Co Ltd Class H ( (HK:1606) ) has provided an update.
China Development Bank Financial Leasing Co., Ltd. has entered into a finance lease arrangement with Wutai Jingkai Energy Co., Ltd. and Shanxi Jinkai Electric Power Technology Co., Ltd. for the purchase and lease of photovoltaic power plant facilities valued at RMB330,000,000. This transaction, along with a previous similar transaction, constitutes a discloseable transaction under Hong Kong’s Listing Rules, requiring reporting and announcement but exempt from circular and shareholders’ approval. This move may enhance the company’s asset portfolio and strengthen its position in the renewable energy sector.
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 finance lease arrangements. The company is not an authorized banking institution in Hong Kong and is not under the supervision of the Hong Kong Monetary Authority.
Average Trading Volume: 6,520,264
Technical Sentiment Signal: Buy
Current Market Cap: HK$15.93B
For detailed information about 1606 stock, go to TipRanks’ Stock Analysis page.