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China Development Bank Financial Leasing Co Ltd Class H ( (HK:1606) ) has provided an announcement.
China Development Bank Financial Leasing Co., Ltd. has entered into a new finance lease agreement with Datong Qinyuan Data Technology Co., Ltd., under which it will purchase information technology computer equipment in Hebei Province from the lessee for RMB189 million and lease it back over 40 months, with total lease interest of about RMB13 million paid in monthly installments. Together with several prior finance lease deals with the same counterparty totaling RMB864 million in asset purchases and lease terms of up to 48 months, the aggregated transactions exceed the 5% threshold under Hong Kong listing rules but remain below 25%, classifying the latest deal as a discloseable transaction that requires reporting and public announcement but no shareholder approval, underscoring the company’s continued expansion in IT equipment leasing while highlighting regulatory compliance obligations for investors and other stakeholders.
The most recent analyst rating on (HK:1606) stock is a Hold 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. is a mainland China-based financial leasing company that provides leasing and related financing solutions, including finance leases of equipment and other fixed assets, primarily serving corporate clients in sectors such as infrastructure and technology across the Chinese market. Its shares are listed in Hong Kong under stock code 1606, though it is not an authorized institution under Hong Kong’s Banking Ordinance and is not supervised by the Hong Kong Monetary Authority.
Average Trading Volume: 3,716,795
Technical Sentiment Signal: Buy
Current Market Cap: HK$20.86B
See more insights into 1606 stock on TipRanks’ Stock Analysis page.