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Bank of Qingdao Co., Ltd. Class H ( (HK:3866) ) just unveiled an update.
Bank of Qingdao Co., Ltd. announced an update regarding its proposed issuance of A Share Convertible Corporate Bonds to non-specific investors in the PRC, with a total amount not exceeding RMB4.8 billion. The Board has decided not to submit the relevant resolutions for approval at the upcoming EGM and Class Meetings, opting to delay the submission to a more appropriate time based on the actual situation. This decision introduces uncertainty regarding the issuance, prompting the Board to advise investors and shareholders to exercise caution when dealing with the Bank’s securities.
The most recent analyst rating on (HK:3866) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on Bank of Qingdao Co., Ltd. Class H stock, see the HK:3866 Stock Forecast page.
More about Bank of Qingdao Co., Ltd. Class H
Bank of Qingdao Co., Ltd. is a joint stock company incorporated in the People’s Republic of China. It operates within the financial services industry, focusing on banking and related financial services. The company is not authorized to carry out banking or deposit-taking business in Hong Kong.
YTD Price Performance: 63.89%
Average Trading Volume: 3,618,368
Technical Sentiment Signal: Buy
Current Market Cap: HK$30.82B
Find detailed analytics on 3866 stock on TipRanks’ Stock Analysis page.