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Shengjing Bank Co. Ltd. Class H ( (HK:2066) ) just unveiled an update.
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 Offeror has increased the offer price for both H shares and domestic shares to provide greater financial incentives for shareholders, with the final H share offer price set at HK$1.60, representing a significant premium over previous trading prices. This move is expected to enhance the likelihood of successful acquisition and has implications for the bank’s market positioning and shareholder value.
More about Shengjing Bank Co. Ltd. Class H
Shengjing Bank Co. Ltd. is a financial institution based in the People’s Republic of China, primarily engaged in providing banking services. The bank operates in the financial sector, focusing on offering a range of banking products and services to its customers.
Average Trading Volume: 138,314
Technical Sentiment Signal: Hold
Current Market Cap: HK$11.26B
See more insights into 2066 stock on TipRanks’ Stock Analysis page.