China Development Bank Financial Leasing Co Ltd Class H (HK:1606) has released an update.
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China Development Bank Financial Leasing Co., Ltd. has announced a finance lease transaction involving the purchase and lease of manufacturing equipment assets for RMB700 million, with a lease period of 64 months. This new agreement with Qingdao Fangyi Technology Co., Ltd. follows a previous transaction earlier in the year, and the combined value of these deals makes it a discloseable transaction under Hong Kong’s Listing Rules. The lease terms were negotiated based on the appraised value of the assets and market conditions.
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