China Development Bank (CDB) has confirmed that it may consider offloading its leasing arm.
Shares in Hong Kong-listed China Development Bank Financial Leasing (CDB Leasing) were suspended on Tuesday at the request of the company after media reports emerged suggesting that a disposal might be imminent.
The bank said it has continued to “deepen reforms and initiated an assessment in relation to the relevant businesses of [CDB Leasing], including exploring plans such as a potential transfer of the company’s shares”.
