tiprankstipranks
Trending News
More News >

Jilin Jiutai Rural Commercial Bank Sells Stake in Hanshan Huimin Village and Township Bank

Story Highlights
Jilin Jiutai Rural Commercial Bank Sells Stake in Hanshan Huimin Village and Township Bank

Confident Investing Starts Here:

Jilin Jiutai Rural Commercial Bank Corporation Limited Class H ( (HK:6122) ) just unveiled an update.

Jilin Jiutai Rural Commercial Bank Corporation Limited has announced a discloseable transaction involving the disposal of its 78.51% equity interest in Hanshan Huimin Village and Township Bank to Hanshan Rural Commercial Bank for RMB40.4 million. This transaction, which does not require shareholder approval, is part of the bank’s strategic realignment and may impact its market positioning by reducing its involvement in the target company.

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 financial services in rural areas.

Average Trading Volume: 8,824,666

Technical Sentiment Signal: Sell

Current Market Cap: HK$2.08B

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

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1