Bank of Gansu Transfers Non-Performing Assets to Gansu Assets Management

Bank of Gansu Co., Ltd. Class H (HK:2139) has released an update.

Bank of Gansu Co., Ltd. is set to transfer its non-performing Creditor’s Rights Assets, valued at approximately RMB652.6 million, to Gansu Assets Management for RMB115 million, aiming to alleviate asset pressure. This transaction, classified as a connected transaction under Hong Kong’s Listing Rules, follows a public bidding process and involves significant shareholders. The move is part of the bank’s strategic effort to manage its financial health more effectively.

For further insights into HK:2139 stock, check out TipRanks’ Stock Analysis page.