Bank of Zhengzhou Announces Major Asset Sale

Bank of Zhengzhou Co., Ltd. Class H (HK:6196) has released an update.

Bank of Zhengzhou Co., Ltd. has entered into a significant asset disposal agreement with Zhongyuan Asset, engaging in the sale of certain credit and other assets valued at roughly RMB10 billion. This major transaction will be settled in cash and trust beneficial rights, and requires approval from the bank’s shareholders. Investors are cautioned to exercise care when dealing with the bank’s securities until the deal, which is subject to certain conditions, is finalized.

For further insights into HK:6196 stock, check out TipRanks’ Stock Analysis page.