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China Development Bank’s Strategic Vessel Acquisition
Company Announcements

China Development Bank’s Strategic Vessel Acquisition

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. announced a significant transaction involving the purchase of two bulk vessels for a price not exceeding USD 67 million. This deal marks an expansion in their vessel leasing business and highlights the company’s strategic investments in maritime assets. The transaction, classified as discloseable, reflects the company’s ongoing growth in the shipping sector.

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

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