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Jilin Jiutai Bank to Vote on H Shares Delisting

Story Highlights
  • Jilin Jiutai Bank plans to delist its H Shares from the Hong Kong Stock Exchange.
  • The delisting requires significant shareholder approval and could alter the company’s market presence.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Jilin Jiutai Bank to Vote on H Shares Delisting

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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 has announced the convening of its first extraordinary general meeting of 2025 to discuss and vote on the voluntary withdrawal of its H Shares from the Hong Kong Stock Exchange. The resolution requires approval by at least 75% of the votes from Independent H Shareholders and a minimum of 90% valid acceptances of the H Share Offer. This move could significantly impact the company’s market presence and shareholder structure.

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 banking industry, focusing on providing commercial banking services. However, it is not authorized to conduct banking or deposit-taking business in Hong Kong, nor is it supervised by the Hong Kong Monetary Authority.

Technical Sentiment Signal: Sell

Current Market Cap: HK$2.08B

For a thorough assessment of 6122 stock, go to TipRanks’ Stock Analysis page.

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