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Bank of Guizhou Co. Ltd. Class H ( (HK:6199) ) has issued an announcement.
Bank of Guizhou Co. Ltd. has agreed to assume all deposit-related liabilities and rights of Longli Guofeng totaling RMB1,913 million as of the assumption date, for a consideration of RMB1,849 million after deducting related transferred interests. Under the deal, Longli Guofeng will place its asset income rights into a trust scheme, and Bank of Guizhou will receive corresponding beneficial interests in the trust as payment, a structure designed to support Longli Guofeng’s reform plan while safeguarding the interests of its depositors, creditors, employees and other stakeholders, which the bank’s board views as fair, reasonable and beneficial to its shareholders overall.
The most recent analyst rating on (HK:6199) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Bank of Guizhou Co. Ltd. Class H stock, see the HK:6199 Stock Forecast page.
More about Bank of Guizhou Co. Ltd. Class H
Bank of Guizhou Co. Ltd., headquartered in Guiyang City, Guizhou Province, is a listed regional commercial bank formed through the merger and reorganization of Zunyi City Commercial Bank, Anshun City Commercial Bank and Liupanshui City Commercial Bank. Its core business centers on taking public deposits and granting loans within its operating region.
Average Trading Volume: 112,345
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$14.44B
For detailed information about 6199 stock, go to TipRanks’ Stock Analysis page.