China Development Bank Financial Leasing (HKG:1606) purchased photovoltaic power generation equipment from PowerChina Jiangxi Electric Power Construction for 775.5 million yuan under a finance lease deal, according to a Thursday filing with the Hong Kong exchange.
The vendor is ultimately owned by Power Construction Corporation of China (SHA:601669).
After the purchase, CDB Financial Leasing will then lease the equipment to Yangzhou Jiayi Photovoltaic Technology for 216 months, the filing said.
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