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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 agreed to purchase residential photovoltaic power stations and related equipment in Hunan and Hubei provinces for about RMB650 million, to be used in its operating lease business. The assets are being acquired from seven independent project companies ultimately controlled by Chint Anneng Digital Power (Zhejiang) Co., Ltd., with the net book value of the targets roughly matching the consideration.
This deal follows a February 2026 acquisition of similar residential photovoltaic assets in Guangdong, Jiangsu, Zhejiang and Tianjin for about RMB695 million, and the two transactions must be aggregated under Hong Kong listing rules. On an aggregated basis, the size reaches a discloseable transaction threshold, requiring reporting and announcement but not a circular or shareholder approval, highlighting the company’s growing deployment of capital into distributed solar assets within its leasing portfolio.
More about China Development Bank Financial Leasing Co Ltd Class H
China Development Bank Financial Leasing Co., Ltd. is a PRC-incorporated financial leasing company listed in Hong Kong, focusing on leasing-based financing solutions. It engages in operating lease business and is expanding into clean energy assets, including residential photovoltaic power stations, reflecting a strategic focus on renewable energy-related leasing opportunities.
Average Trading Volume: 3,292,427
Technical Sentiment Signal: Buy
Current Market Cap: HK$19.22B
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