10:33 PM EDT, 09/29/2022 (MT Newswires) -- China Development Bank Financial Leasing (HKG:1606) bought mobile elevating work platforms from XCMG Fire Safety Equipment for 233.4 million yuan ($32.7 million), according to a Friday bourse filing.
CDB Leasing will then lease the platforms to Jiangsu XCMG Guanglian Machinery Leasing for 36 months.
Upon expiry of the lease, Jiangsu XCMG Guanglian may repurchase the equipment from CDB Leasing for a nominal fee of 586 yuan.
Shares at the leasing company rose 1% in Friday's morning trading.
Price (HKD): $0.95, Change: $+0.01, Percent Change: +1.06%