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Bank of Qingdao Co., Ltd. Class H ( (HK:3866) ) has issued an update.
Bank of Qingdao Co., Ltd. announced the results of a plan to increase shareholding by its major shareholder, Qingdao Guoxin Industrial and Financial Holdings. The plan aims to support the bank’s long-term development by increasing Guoxin’s shareholding to between 19.00% and 19.99% through secondary market transactions. This strategic move is expected to enhance the bank’s market position and stability, with a lock-up arrangement preventing the transfer of shares for five years.
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 sector. The company offers a range of banking services and is listed on the Hong Kong Stock Exchange under the stock code 3866.
Average Trading Volume: 7,537,764
Technical Sentiment Signal: Buy
Current Market Cap: HK$29.47B
See more data about 3866 stock on TipRanks’ Stock Analysis page.