Bank of Tianjin Co., Ltd. Class H (HK:1578) has released an update.
Bank of Tianjin Co., Ltd. has announced a plan to issue capital replenishment instruments worth up to RMB40 billion, aiming to optimize its capital structure and enhance risk resistance. The issuance includes undated capital bonds and tier-two capital bonds, with proceeds directed towards bolstering the bank’s tier-one and tier-two capital. This move reflects the bank’s commitment to strengthening its financial foundation and supporting business growth.
For further insights into HK:1578 stock, check out TipRanks’ Stock Analysis page.
