An announcement from Standard Chartered ( (GB:STAN) ) is now available.
Standard Chartered PLC has received a waiver from the Stock Exchange of Hong Kong Limited, allowing it to seek shareholder approval at its upcoming annual general meeting for issuing Equity Convertible Additional Tier 1 Securities. This waiver, if approved, will enable the company to enhance its capital structure, potentially impacting its financial stability and market positioning until the next AGM or until August 2026.
More about Standard Chartered
Standard Chartered PLC is a leading international banking group, primarily focused on providing financial services across Asia, Africa, and the Middle East. The company offers a wide range of products, including personal banking, corporate banking, wealth management, and investment services.
YTD Price Performance: 23.29%
Average Trading Volume: 6,364
Technical Sentiment Signal: Sell
Current Market Cap: $35.2B
Learn more about STAN stock on TipRanks’ Stock Analysis page.