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An announcement from Bank of Qingdao Co., Ltd. Class H ( (HK:3866) ) is now available.
Bank of Qingdao Co., Ltd. has announced its intention to issue A Share Convertible Corporate Bonds to non-specific investors in the PRC, aiming to raise up to RMB4.8 billion. This move is part of the bank’s strategy to strengthen its operational capabilities and enhance its competitiveness in the financial sector. The proposed issuance is subject to multiple approvals, including from shareholders and regulatory bodies, and is intended to support the bank’s sustainable development and service to the real economy.
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, operating in the financial services industry. The bank focuses on providing comprehensive banking services and products to its clients, with a strategic emphasis on enhancing its operational strength and competitiveness in serving the real economy.
Average Trading Volume: 3,474,407
Technical Sentiment Signal: Buy
Current Market Cap: HK$28.5B
See more data about 3866 stock on TipRanks’ Stock Analysis page.