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China Development Bank Financial Leasing Co Ltd Class H ( (HK:1606) ) has shared an update.
China Development Bank Financial Leasing Co., Ltd. announced a discloseable transaction involving a finance lease arrangement with Deqing County Guorui New Energy Co., Ltd. and China Construction Seventh Bureau New Energy (Shanghai) Construction Co., Ltd. The company purchased photovoltaic power generation equipment assets located in Zhaoqing City, Guangdong Province, PRC, for RMB815,000,000, and agreed to lease these assets to the lessee for 180 months. This transaction exceeds the 5% but is below the 25% threshold according to Chapter 14 of the Listing Rules, requiring a report and announcement but exempting it from circular and shareholders’ approval. The arrangement signifies a strategic move in the renewable energy sector, potentially impacting the company’s market position and operations.
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, engaging in financial leasing services. It operates within the financial leasing industry but is not an authorized banking institution under the Banking Ordinance and does not engage in banking or deposit-taking business in Hong Kong.
YTD Price Performance: -6.25%
Average Trading Volume: 3,103
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €1.78B
See more data about 1606 stock on TipRanks’ Stock Analysis page.