China Everbright Bank Sets RMB3 Billion Cap on Connected Asset Transfer Deal with Everbright Jin’ou

China Everbright Bank Co ( (HK:6818) ) just unveiled an announcement.

China Everbright Bank has entered into a three-year agreement with Everbright Jin’ou, an affiliated company under its controlling shareholder China Everbright Group, to transfer non-performing and related financial assets with a cumulative cap of RMB3 billion. Under the deal, single and annual transaction amounts are each limited to RMB1 billion, with transactions to be conducted on normal commercial terms and priced with reference to market levels and comparable peers. The cooperation focuses on the transfer, management, operation and disposal of non-performing financial assets and repossessed assets, aiming to deepen collaboration in bad-asset disposal, innovate trading models and explore new business opportunities. As a connected transaction under Hong Kong listing rules, the arrangement is subject to reporting, announcement and annual review requirements but is exempt from independent shareholders’ approval, reflecting a moderate scale transaction that could enhance the bank’s asset quality management while maintaining regulatory compliance.

The most recent analyst rating on (HK:6818) stock is a Buy with a HK$4.00 price target. To see the full list of analyst forecasts on China Everbright Bank Co stock, see the HK:6818 Stock Forecast page.

More about China Everbright Bank Co

China Everbright Bank Company Limited is a joint stock commercial bank incorporated in the People’s Republic of China and listed in Hong Kong. The bank operates in the financial services industry, offering a broad range of banking products and services, and is ultimately controlled by China Everbright Group, a large state-linked financial conglomerate. Its business includes handling various financial assets, including non-performing and repossessed assets, in line with market-based and regulatory requirements.

YTD Price Performance: 29.81%

Average Trading Volume: 31,824,510

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$227.3B

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