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Bank of Qingdao Co., Ltd. Class H ( (HK:3866) ) has issued an announcement.
Qingdao Guoxin Industrial and Financial Holdings, the major shareholder of Bank of Qingdao Co., Ltd., plans to increase its shareholding in the bank to between 19.00% and 19.99% through secondary market transactions. This move, aimed at supporting the bank’s long-term development, will occur within six months, avoiding blackout periods and adhering to financial regulatory laws. The increased shareholding will be subject to a five-year lock-up period, reflecting a commitment to the bank’s sustained growth.
The most recent analyst rating on (HK:3866) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on Bank of Qingdao Co., Ltd. Class H stock, see the HK:3866 Stock Forecast page.
More about Bank of Qingdao Co., Ltd. Class H
Bank of Qingdao Co., Ltd. operates in the financial services industry, providing banking services in China. It is a joint stock company incorporated in the People’s Republic of China with limited liability, and its major shareholder is Qingdao Guoxin Industrial and Financial Holdings (Group) Co., Ltd.
Average Trading Volume: 3,544,275
Technical Sentiment Signal: Buy
Current Market Cap: HK$28.63B
For a thorough assessment of 3866 stock, go to TipRanks’ Stock Analysis page.