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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 finance lease transaction involving photovoltaic power generation facilities with Shenmu Longzhong New Energy Co., Ltd. and Shenmu Pengyi New Energy Co., Ltd. The transaction, valued at RMB1,242,000,000, involves the purchase and leaseback of assets over a 216-month period. This transaction is classified as a discloseable transaction under the Listing Rules, requiring reporting and announcement but exempt from circular and shareholders’ approval. The leased assets are located in Shaanxi Province, China, and the lease payments will be made quarterly.
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 operates in the financial leasing industry, focusing on providing finance lease services. The company is not an authorized banking institution and does not engage in banking or deposit-taking business in Hong Kong.
Average Trading Volume: 6,529,656
Technical Sentiment Signal: Buy
Current Market Cap: HK$15.55B
Learn more about 1606 stock on TipRanks’ Stock Analysis page.