HKG:1606

4 stories mentioning HKG:1606Updated 15d ago

Every FINWIRES story that references HKG:1606, newest first.

CDB Financial Leasing Buys to Lease Wind Power Station Equipment

China Development Bank Financial Leasing (HKG:1606), as the lessor, entered into a leasing agreement related to certain wind power station equipment and ancillary facility assets, according to a Tuesday Hong Kong bourse filing.Shares of the financial leasing company were down over 1% in Wednesday afternoon trading.The firm will acquire the assets from Zhejiang Windey Energy Construction for 1.47 billion yuan, following which it will lease them to Anda Tianying New Energy.The lease will have a period of 216 months with a total lease payment of 2.05 billion yuan.

HKG:1606

Asia35d ago

S&P Raises CDB Aviation Lease Finance Designated Activity's Standalone Credit Profile

S&P Global Ratings upgraded CDB Aviation Lease Finance Designated Activity's standalone credit profile to "bb-" from "b+" while maintaining its A long-term issuer credit rating, according to a recent release.The company sees improved debt maturity profile and EBIT interest coverage due to long-term debt issuances, a capital injection, and increased rental yields, S&P said.The outlook is stable for the next two years, reflecting that on parent China Development Bank Financial Leasing (HKG:1606) and S&P's view that the subsidiary will continue to be a core subsidiary of the parent.The affirmed rating considers the parent's support, especially for the aircraft lessor's business development and funding needs, as reflected in a $860 million capital injection.S&P does not expect further injections in the next 12 to 24 months, due to the lessor's own cash flow and further US dollar financing that would be enough for future capacity additions.The rating agency expects long-term aircraft demand to remain strong despite a temporary slowdown due to the Middle East impact.

HKG:1606

Asia59d ago

CDB Financial Leasing Buys to Lease Back Assets

China Development Bank Financial Leasing (HKG:1606) purchased to lease back certain assets from Mulei Jieneng New Energy for 1 billion yuan, according to a Monday Hong Kong bourse filing.The assets, comprising wind power equipment and ancillary facilities in Xinjiang Uygur Autonomous Region, China, will be leased back to the lessee for 204 months for a total lease payment of nearly 1.28 billion yuan.

HKG:1606

Asia59d ago

CDB Financial Leasing to Acquire Photovoltaic Assets for 650 Million Yuan

China Development Bank Financial Leasing (HKG:1606) agreed to acquire residential photovoltaic power stations and related equipment in Hunan and Hubei for about 650 million yuan, according to an April 17 Hong Kong bourse filing.Shares of the financial leasing company were up nearly 1% in Monday morning trade.The assets will be used for the company's operating lease business, with plans to lease them to third-party lessees after completion.

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