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An announcement from Bank of Communications Co ( (HK:3328) ) is now available.
Bank of Communications Co., Ltd. has announced the dispatch of a circular related to the proposed issuance of A shares under a specific mandate and the application for a Whitewash Waiver. The circular includes details on the issuance plan, the Whitewash Waiver, and related shareholder meetings scheduled for April 16, 2025. The issuance of A shares is contingent upon the approval of the Whitewash Waiver by independent shareholders, which could significantly impact the bank’s capital structure and market positioning.
More about Bank of Communications Co
Bank of Communications Co., Ltd. is a major banking institution incorporated in the People’s Republic of China. It operates within the financial services industry, focusing on providing a wide range of banking and financial products to its customers.
YTD Price Performance: 12.41%
Average Trading Volume: 29,108
Technical Sentiment Signal: Sell
Current Market Cap: $71.01B
For a thorough assessment of 3328 stock, go to TipRanks’ Stock Analysis page.