An announcement from Bank of Communications Co ( (HK:3328) ) is now available.
Bank of Communications Co., Ltd. has announced a meeting for its H Shareholders to discuss and approve several strategic resolutions, including an A Share Issuance plan targeting specific investors. The bank aims to introduce China National Tobacco Corporation and China Doublewin Investment Co., Ltd. as strategic investors, alongside executing conditional share subscription agreements with these entities and the Ministry of Finance of China. These initiatives are expected to strengthen the bank’s strategic partnerships and enhance its capital base.
More about Bank of Communications Co
Bank of Communications Co., Ltd. is a major financial institution in China, operating as a joint stock company with limited liability. It provides a wide range of banking services and financial products, focusing on both domestic and international markets.
YTD Price Performance: 12.41%
Average Trading Volume: 29,108
Technical Sentiment Signal: Sell
Current Market Cap: $71.01B
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