Harbin Bank Co., Ltd. Class H (HK:6138) has released an update.
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Harbin Bank has announced a strategic move to optimize its asset structure by transferring a non-performing loan worth RMB 1,158 million to China CITIC Financial Asset Heilongjiang Branch. The agreement, which was reached through open bidding, involves an initial transfer price of RMB 345 million with potential adjustments. This transaction is seen as a beneficial step for Harbin Bank and its shareholders.
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