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FINWIRES

China Development Bank Enters Lease Contract

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China Development Bank Financial Leasing (HKG:1606) entered into a finance lease arrangement with lessee Fuping Zhongrui New Energy, according to a Tuesday Hong Kong bourse filing.

The company agreed to entrust the lessee to purchase certain photovoltaic power station equipment and ancillary facility assets in China from China Energy Engineering Group Guangdong Thermal Power Engineering.

The company will then buy the assets for 1.51 billion yuan and lease them back to the lessee for 216 months for 2.06 billion yuan.

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