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Bank of Gansu Co., Ltd. Class H ( (HK:2139) ) has provided an announcement.
Bank of Gansu Co., Ltd. has announced the progress on its initiative to commence a convertible negotiated deposit business aimed at replenishing other tier-one capital. The bank has entered into an agreement with the Department of Finance of Gansu Province, aligning with the terms set out in their earlier circular. This development is expected to strengthen the bank’s capital base and enhance its financial stability, potentially impacting its market positioning positively.
More about Bank of Gansu Co., Ltd. Class H
Bank of Gansu Co., Ltd. is a joint stock company incorporated in the People’s Republic of China. It operates within the financial industry, focusing on banking services. The company is not authorized to carry on banking or deposit-taking business in Hong Kong and is not subject to the supervision of the Hong Kong Monetary Authority.
Average Trading Volume: 2,268,328
Technical Sentiment Signal: Sell
Current Market Cap: HK$3.84B
For detailed information about 2139 stock, go to TipRanks’ Stock Analysis page.