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The latest update is out from Shengjing Bank Co. Ltd. Class H ( (HK:2066) ).
Shengjing Bank Co., Ltd. has announced a voluntary conditional general cash offer by China International Capital Corporation Hong Kong Securities Limited on behalf of the Offeror to acquire all issued H Shares and Domestic Shares not already held by the Offeror and its concert parties. The offer includes a proposed withdrawal of listing of the H Shares and the establishment of an independent board committee. The acquisition is conditional upon the approval of independent shareholders and aims to consolidate the Offeror’s control over the bank, potentially impacting its market positioning and shareholder value.
More about Shengjing Bank Co. Ltd. Class H
Shengjing Bank Co., Ltd. is a joint stock company incorporated in the People’s Republic of China. It operates in the financial services industry, focusing on providing banking services to its clients. The company is involved in offering a range of financial products and services, including loans, deposits, and other related financial services.
Average Trading Volume: 90,509
Technical Sentiment Signal: Sell
Current Market Cap: HK$10.03B
For an in-depth examination of 2066 stock, go to TipRanks’ Overview page.