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Jinshang Bank Co., Ltd. Class H ( (HK:2558) ) just unveiled an announcement.
Jinshang Bank Co., Ltd., a joint stock company incorporated in the People’s Republic of China, has entered into an Assets Transfer Agreement with Jinyang AMC, a non-wholly owned subsidiary of SSCO, which holds a significant share in the bank. This agreement involves the transfer of the bank’s non-performing assets, valued at approximately RMB1,421.44 million, to Jinyang AMC for RMB310.33 million. The transaction is classified as a connected transaction under Hong Kong’s Listing Rules, requiring reporting and announcement but exempt from independent shareholders’ approval. Jinyang AMC will assume all associated risks and liabilities of the transferred assets, which include non-performing loans from eight corporate customers.
More about Jinshang Bank Co., Ltd. Class H
Average Trading Volume: 2,392,875
Technical Sentiment Signal: Buy
Current Market Cap: HK$8.58B
See more data about 2558 stock on TipRanks’ Stock Analysis page.