China CITIC Bank ( (HK:0998) ) has issued an update.
China CITIC Bank has announced an extension of the effective period for its general meeting resolutions concerning the issuance of rights shares to existing shareholders. This extension, approved by the bank’s board, is intended to ensure continuity and effectiveness as the rights issue awaits regulatory approval. The new expiration date for these resolutions is set for June 22, 2026, allowing the bank more time to implement the rights issue plan, which remains unchanged except for the extension.
More about China CITIC Bank
China CITIC Bank Corporation Limited is a financial institution based in the People’s Republic of China, primarily engaged in providing banking services. The bank offers a range of financial products, including corporate and personal banking, treasury and capital markets services, and asset management, with a focus on serving both domestic and international markets.
YTD Price Performance: 19.40%
Average Trading Volume: 11,077
Technical Sentiment Signal: Sell
Current Market Cap: $52.73B
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