tiprankstipranks
China Development Bank Enters Major Finance Lease Agreement
Company Announcements

China Development Bank Enters Major Finance Lease Agreement

China Development Bank Financial Leasing Co Ltd Class H (HK:1606) has released an update.

Pick the best stocks and maximize your portfolio:

China Development Bank Financial Leasing Co., Ltd. has entered into a significant finance lease agreement with Science City (Guangzhou) Investment Group. The deal involves the purchase and leaseback of sewage treatment and environmental protection equipment valued at RMB1.3 billion, with a lease period of 60 months and total lease interest amounting to approximately RMB250 million. This transaction is classified as a discloseable transaction, reflecting its scale relative to the company’s financial metrics.

For further insights into HK:1606 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks HongKong Auto-Generated NewsdeskChina Development Bank Financial Leasing Renews Key Agreements
TipRanks HongKong Auto-Generated NewsdeskChina Development Bank Leasing Announces Key Meeting
TipRanks HongKong Auto-Generated NewsdeskChina Development Bank Leasing Announces Board Changes
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App