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Guangzhou Rural Commercial Bank Increases Registered Capital

Story Highlights
  • Guangzhou Rural Commercial Bank received approval to increase its registered capital.
  • The capital increase is expected to enhance the bank’s financial capacity and market positioning.
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Guangzhou Rural Commercial Bank Increases Registered Capital

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The latest update is out from Guangzhou Rural Commercial Bank Co. Ltd. Class H ( (HK:1551) ).

Guangzhou Rural Commercial Bank has received approval from the Guangdong Bureau of the National Financial Regulatory Administration to increase its registered capital from RMB11.45 billion to RMB14.41 billion. This change reflects the completion of a non-public issuance of shares, and the bank has amended its Articles of Association to accommodate this increase. The move is expected to enhance the bank’s financial capacity and market positioning, potentially benefiting stakeholders through increased share value and market influence.

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, operating in the banking industry. It focuses on providing a range of financial services, including the issuance of ordinary shares and preference shares, to both domestic and international markets.

YTD Price Performance: 12.10%

Average Trading Volume: 39,621

Technical Sentiment Signal: Buy

Current Market Cap: HK$25.49B

For a thorough assessment of 1551 stock, go to TipRanks’ Stock Analysis page.

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