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An announcement from Guangzhou Rural Commercial Bank Co. Ltd. Class H ( (HK:1551) ) is now available.
Guangzhou Rural Commercial Bank Co., Ltd. has completed a significant asset disposal, selling low-efficiency assets to Guangzhou Asset Management Co., Ltd. for RMB12.25 billion. The transaction, approved by shareholders, involves a payment plan spread over nine years and is expected to enhance the bank’s financial position by selling assets at a price slightly above book value, while maintaining manageable default risk.
More about Guangzhou Rural Commercial Bank Co. Ltd. Class H
Guangzhou Rural Commercial Bank Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, primarily engaged in banking services. The company operates within the financial sector, focusing on providing a range of banking services to its clients.
YTD Price Performance: 3.82%
Average Trading Volume: 44,243
Technical Sentiment Signal: Sell
Current Market Cap: HK$23.6B
See more data about 1551 stock on TipRanks’ Stock Analysis page.