TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Bank of Gansu Co., Ltd. Class H ( (HK:2139) ) just unveiled an announcement.
Bank of Gansu Co., Ltd. has announced its plan to enhance its capital strength by utilizing a convertible negotiated deposit to replenish its tier-one capital. This move is in line with the Chinese government’s initiative to support small and medium-sized banks through local government special bonds. The bank intends to apply for these bonds, which will be deposited as capital and may be converted into ordinary shares under certain conditions. This strategy is expected to improve the bank’s capital adequacy and risk resilience, potentially impacting its market positioning positively.
More about Bank of Gansu Co., Ltd. Class H
Bank of Gansu Co., Ltd. operates in the financial services industry, primarily focusing on banking services. It is a joint stock company incorporated in China, and it aims to enhance its capital strength and risk resistance capabilities.
Average Trading Volume: 3,280,904
Technical Sentiment Signal: Sell
Current Market Cap: HK$4.37B
See more insights into 2139 stock on TipRanks’ Stock Analysis page.