China Development Bank Financial Leasing Co Ltd Class H ( (HK:1606) ) just unveiled an update.
China Development Bank Financial Leasing Co., Ltd. announced a finance lease transaction with Shuangbai Jingke Power Co., Ltd., involving the purchase and leaseback of power generation facilities in Yunnan Province for RMB690,000,000. The transaction, with a lease period of 216 months, is considered a discloseable transaction under the Listing Rules, reflecting the company’s strategic move to enhance its leasing portfolio and strengthen its market position in the financial leasing sector.
More about China Development Bank Financial Leasing Co Ltd Class H
China Development Bank Financial Leasing Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China. It operates in the financial leasing industry, focusing on providing finance lease services. The company is not an authorized institution under the Banking Ordinance and does not engage in banking or deposit-taking business in Hong Kong.
YTD Price Performance: -25.62%
Average Trading Volume: 3,002
Technical Sentiment Signal: Buy
Current Market Cap: €1.62B
For an in-depth examination of 1606 stock, go to TipRanks’ Stock Analysis page.