China Development Bank Financial Leasing Co Ltd Class H (HK:1606) has released an update.
China Development Bank Financial Leasing Co., Ltd. has announced a major finance lease transaction with HBIS Laoting Iron and Steel Co., Ltd., involving the purchase and lease-back of smelting and power supply equipment valued at approximately RMB 2 billion. The deal, which spans a 60-month lease period, is classified as a discloseable transaction exempt from shareholder approval, underlining the significant scale of operations between the two independent parties.
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