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Jilin Jiutai Rural Commercial Bank Corporation Limited Class H ( (HK:6122) ) just unveiled an announcement.
Jilin Jiutai Rural Commercial Bank Corporation Limited, in collaboration with Jilin Financial Holding Group Co., Ltd., announced a voluntary conditional general cash offer to acquire all issued H shares and domestic shares of the bank. This move includes a proposed withdrawal of the listing of the H shares and the establishment of an independent board committee. The offer is priced at HK$0.70 per H share and RMB0.63 per domestic share, with no possibility of an increase. The acquisition is contingent upon several conditions, including shareholder approvals and valid acceptances, which could significantly impact the bank’s operations and market positioning.
More about Jilin Jiutai Rural Commercial Bank Corporation Limited Class H
Jilin Jiutai Rural Commercial Bank Corporation Limited is a joint stock company incorporated in the People’s Republic of China. It operates within the financial sector, focusing on providing banking services and products. The company is listed on the Stock Exchange of Hong Kong, with a market focus on both domestic and international investors.
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.08B
See more data about 6122 stock on TipRanks’ Stock Analysis page.