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Shengjing Bank Proposes Delisting of H Shares from Hong Kong Stock Exchange

Story Highlights
  • Shengjing Bank plans to withdraw its H shares from the Hong Kong Stock Exchange.
  • The delisting requires approval from 75% of independent H shareholders with less than 10% opposition.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Shengjing Bank Proposes Delisting of H Shares from Hong Kong Stock Exchange

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Shengjing Bank Co. Ltd. Class H ( (HK:2066) ) has issued an update.

Shengjing Bank Co., Ltd. has announced a meeting for its H share class shareholders to discuss the voluntary withdrawal of its H shares from the Hong Kong Stock Exchange. This decision is contingent upon approval by at least 75% of the votes from independent H shareholders and not more than 10% opposition. The move could impact the bank’s market presence and shareholder value, as it seeks to delist its shares.

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, operating within the financial industry. The bank is not authorized to carry on banking and/or deposit-taking business in Hong Kong and is not subject to the supervision of the Hong Kong Monetary Authority.

YTD Price Performance: 5.83%

Average Trading Volume: 136,209

Technical Sentiment Signal: Hold

Current Market Cap: HK$11.17B

For detailed information about 2066 stock, go to TipRanks’ Stock Analysis page.

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