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China Merchants Bank Co ( (HK:3968) ) has provided an update.
China Merchants Bank Co., Ltd. has announced the completion of the redemption of its 2020 Undated Additional Tier 1 Capital Bonds, which were initially issued with a size of RMB50 billion. The redemption was executed as per the terms allowing the issuer to redeem the bonds on the fifth anniversary of their issuance, marking a significant financial maneuver that may impact the company’s capital structure and market positioning.
The most recent analyst rating on (HK:3968) stock is a Hold with a HK$49.00 price target. To see the full list of analyst forecasts on China Merchants Bank Co stock, see the HK:3968 Stock Forecast page.
More about China Merchants Bank Co
China Merchants Bank Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the banking industry. It primarily focuses on providing a range of financial services and products, including banking and capital market services.
Average Trading Volume: 19,674,426
Technical Sentiment Signal: Buy
Current Market Cap: HK$1311.2B
See more insights into 3968 stock on TipRanks’ Stock Analysis page.