China Development Bank Financial Leasing (HKG:1606) agreed to purchase information technology computer equipment worth up to 4.00 billion yuan from Shanghai Yuyun Information Technology for its operating lease business, according to a Friday Hong Kong bourse filing.
The equipment, mainly used for high-performance computing applications such as large-scale data processing and cloud computing, will be funded through the company's own funds and/or commercial bank loans.
Following completion of the purchase, CDB Leasing will lease the equipment to third-party customers under operating lease agreements.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments