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Luzhou Bank Withdraws Resolutions on H Share Issuance

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Luzhou Bank Withdraws Resolutions on H Share Issuance

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The latest update is out from Luzhou Bank Co., Ltd. Class H ( (HK:1983) ).

Luzhou Bank Co., Ltd. announced the withdrawal of certain resolutions related to the non-public issuance of H Shares from its upcoming general and class meetings. This decision follows shareholder feedback and aims to allow the bank’s management to reconsider and potentially adjust the resolutions. The withdrawal will not impact the bank’s normal operations or its sustainable development, and other resolutions will still be considered at the annual general meeting.

More about Luzhou Bank Co., Ltd. Class H

Luzhou Bank Co., Ltd. is a joint stock company incorporated in the People’s Republic of China. It is not an authorized institution under the Banking Ordinance of Hong Kong and is not subject to the supervision of the Hong Kong Monetary Authority. The bank is not authorized to conduct banking or deposit-taking business in Hong Kong.

Average Trading Volume: 120,702

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$6.71B

For a thorough assessment of 1983 stock, go to TipRanks’ Stock Analysis page.

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