CDB Leasing to Buy 6.5 Billion Yuan of IT Equipment
MT Newswires Live
Sep 24
China Development Bank Financial Leasing (HKG:1606) agreed to purchase information technology and computer equipment worth about 6.48 billion yuan from Guangdong Shuhuan Zhilian Technology, according to a Wednesday Hong Kong bourse filing.
The equipment is mainly used for high-performance computing tasks, including large-scale data processing and cloud computing.
The company will fund the purchase with its own funds and/or commercial bank loans.
After the purchase, China Development Bank Financial Leasing will lease the equipment to third-party lessees under operating lease agreements.
Shares of the firm were up nearly 1% in Thursday morning trade.
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