tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Bank of Gansu Announces Major Asset Disposal

Story Highlights
Bank of Gansu Announces Major Asset Disposal

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Bank of Gansu Co., Ltd. Class H ( (HK:2139) ) just unveiled an announcement.

Bank of Gansu Co., Ltd. has announced a significant transaction involving the sale of underperforming assets to Gansu Assets Management for RMB15.3 billion. This asset disposal, classified as a very substantial disposal under Hong Kong’s Listing Rules, requires approval from independent shareholders. The transaction is part of the bank’s strategy to optimize its asset portfolio, potentially impacting its financial standing and stakeholder interests.

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, operating in the financial sector. It primarily focuses on banking services and asset management, serving a diverse clientele in the region.

Average Trading Volume: 3,397,951

Technical Sentiment Signal: Sell

Current Market Cap: HK$4.22B

See more data about 2139 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1