Bank of Tianjin Co., Ltd. Class H (HK:1578) has released an update.
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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.
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