Bank of Communications Co ( (HK:3328) ) just unveiled an announcement.
Bank of Communications Co., Ltd. has announced an Extraordinary General Meeting to discuss and approve several key resolutions, including the issuance of A shares to specific targets and strategic partnerships with China National Tobacco Corporation and China Doublewin Investment Co., Ltd. These initiatives are aimed at strengthening the bank’s capital base and strategic positioning, potentially impacting its market operations and shareholder value.
More about Bank of Communications Co
Bank of Communications Co., Ltd. is a major financial institution in China, operating in the banking industry. It provides a wide range of financial services including corporate banking, personal banking, and financial markets services, with a focus on expanding its market presence and enhancing its service offerings.
YTD Price Performance: 12.41%
Average Trading Volume: 29,108
Technical Sentiment Signal: Sell
Current Market Cap: $71.01B
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