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 entered into a significant finance lease arrangement involving the purchase and leasing of lithium battery production equipment valued at RMB730 million. The transaction, classified as discloseable under Hong Kong’s Listing Rules, showcases the company’s strategic moves in asset acquisition and leasing, offering a 96-month lease period to Chongqing Tongliang Construction and Development Group. This deal highlights the company’s ongoing efforts to expand its leasing operations in the rapidly growing Chinese market.
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