CDB Financial Leasing spending $140 million on 11 ships

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China Development Bank (CDB) Financial Leasing is splashing $140 million on the purchase of eleven bulk carriers from an undisclosed ship owner.

The purchase is being carried out through the company’s wholly-owned subsidiary in Hong Kong, which is principally engaged in the vessel investment and financing business

The deal will be financed from the company’s own funds and/or commercial bank loans.

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