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China Development Bank Financial Leasing Co Ltd Class H ( (HK:1606) ) has shared an announcement.
China Development Bank Financial Leasing Co., Ltd. has entered into an Asset Purchase Agreement to acquire residential photovoltaic power stations and ancillary equipment in Guangdong and Anhui Provinces for RMB1,210,000,000. This transaction, which is part of the company’s strategy to enhance its market share in the operating lease market for residential photovoltaic new energy, is expected to strengthen its position in the renewable energy sector.
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 involved in leasing assets such as aircraft, infrastructure, ships, and machinery, with a market focus on expanding its presence in the renewable energy sector.
Average Trading Volume: 5,391,977
Technical Sentiment Signal: Buy
Current Market Cap: HK$21.11B
See more insights into 1606 stock on TipRanks’ Stock Analysis page.