CDB LEASING (01606) rose nearly 7% in the morning session. As of the time of reporting, it has increased by 6.67%, priced at 1.28 Hong Kong dollars, with a transaction amount of 12.3782 million Hong Kong dollars.
According to Zhito Finance APP, CDB LEASING (01606) rose nearly 7% in early trading, and as of the time of writing, it is up 6.67% at 1.28 Hong Kong dollars, with a transaction amount of 12.3782 million Hong Kong dollars.
In news, Hainan Airlines Holding announced that Tianjin Airlines plans to use its 4.99% stake in CDB LEASING to offset its debts to Hainan Airlines Holding, amounting to 0.772 billion yuan. After the Trade is completed, Hainan Airlines Holding will become one of the top ten Shareholders of CDB LEASING, which is beneficial for deeper cooperation in the Aviation leasing Business and obtaining investment returns. This Trade is considered a related party transaction and needs to be submitted for review by the company’s Shareholders' meeting.
In addition, CDB LEASING announced that a special purpose company wholly owned by it, CDBALF, has entered into an aircraft purchase and leaseback agreement with the seller, who has agreed to transfer its rights to CDBALF in order to purchase and receive 4 new B737 MAX 8 aircraft from Boeing based on the original purchase contract with the seller. Each aircraft will be leased back to the seller by CDBALF through an operating lease agreement after delivery. The lessor expects to receive the aircraft under the purchase and leaseback agreement by the end of 2026.