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FINWIRES

CDB Leasing to Buy Up to 1.5 Billion Yuan of Computer Equipment

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China Development Bank Financial Leasing (HKG:1606) agreed to purchase computer equipment worth up to 1.5 billion yuan from Henan Kunlun Technology for its operating lease business, according to a Monday filing with the Hong Kong bourse.

The equipment, mainly used for high-performance computing applications such as large-scale data processing and cloud computing, will be leased to third-party customers under operating lease agreements.

The acquisition will be funded through internal resources and/or bank loans.

Shares of the firm were down nearly 2% in Tuesday midday trade.

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