China Bohai Bank Co., Ltd. Class H (HK:9668) has released an update.
China Bohai Bank Co., Ltd. is set to transfer a significant portion of its assets through a public tender process, with plans to conduct the asset disposal in batches subject to shareholder approval. The move is classified as a very substantial disposal according to Listing Rules, indicating its potential impact on the bank’s structure and requiring further detailed reporting and shareholder consent. Shareholders can expect to receive more information, including financial details and a general meeting notice, by August 31, 2024.
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