Harbin Bank Shareholders Approve Strategic Mergers

Harbin Bank Co., Ltd. Class H (HK:6138) has released an update.

Harbin Bank Co., Ltd. successfully held its 2024 second extraordinary general meeting, where shareholders unanimously passed resolutions for the absorption and merger of four distinct village and township banks, converting them into sub-branches. Additionally, the Board was granted authorization to proceed with the reform and reorganization of village banks. The approval of the special and ordinary resolutions illustrates strong shareholder support for the bank’s strategic consolidation efforts.

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