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The latest update is out from China Bohai Bank Co., Ltd. Class H ( (HK:9668) ).
China Bohai Bank Co., Ltd. has announced a proposed mandate to optimize its asset structure by disposing of certain assets through a public tender process. This move aims to improve asset quality, reduce risky asset occupancy, and enhance capital utilization and profitability, thereby strengthening the bank’s competitiveness and promoting sustainable development. The disposal, classified as a very substantial disposal under Hong Kong’s Listing Rules, requires shareholder approval and will be completed in batches due to the large asset size involved.
More about China Bohai Bank Co., Ltd. Class H
China Bohai Bank Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the banking industry. The bank focuses on optimizing its asset structure and enhancing its ability to serve the real economy.
Average Trading Volume: 6,023,925
Technical Sentiment Signal: Buy
Current Market Cap: HK$18.65B
For detailed information about 9668 stock, go to TipRanks’ Stock Analysis page.