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Industrial and Commercial Bank of China ( (HK:1398) ) just unveiled an announcement.
The Industrial and Commercial Bank of China Limited has announced its decision to redeem its USD Offshore Preference Shares, valued at $2.9 billion, on September 23, 2025. This decision, approved unanimously by the board of directors, is contingent upon compliance with relevant laws and regulations and has received no objections from the National Financial Regulatory Administration. The redemption is part of the bank’s strategic financial management and is expected to impact its capital structure and stakeholder interests.
The most recent analyst rating on (HK:1398) stock is a Hold with a HK$4.80 price target. To see the full list of analyst forecasts on Industrial and Commercial Bank of China stock, see the HK:1398 Stock Forecast page.
More about Industrial and Commercial Bank of China
Industrial and Commercial Bank of China Limited is a joint stock limited company incorporated in the People’s Republic of China. It operates in the financial industry, providing banking services and products, with a focus on both domestic and international markets.
Average Trading Volume: 265,480,710
Technical Sentiment Signal: Buy
Current Market Cap: HK$2769.3B
See more data about 1398 stock on TipRanks’ Stock Analysis page.