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Weihai City Commercial Bank Co., Ltd. Class H ( (HK:9677) ) has shared an update.
Weihai Bank Co., Ltd. has successfully completed the issuance of RMB2 billion in perpetual capital bonds in the national inter-bank bond market, with a coupon rate of 2.4% for the first five years. The proceeds from this issuance will be used to replenish the bank’s other tier-one capital, subject to regulatory approvals, potentially strengthening its financial position and operational capacity.
More about Weihai City Commercial Bank Co., Ltd. Class H
Weihai City Commercial Bank Co., Ltd., known as Weihai Bank, is a joint stock company incorporated in the People’s Republic of China. It operates within the financial services industry, focusing on banking services. The company is not authorized to conduct banking or deposit-taking business in Hong Kong and is not supervised by the Hong Kong Monetary Authority.
Average Trading Volume: 1,735
Technical Sentiment Signal: Buy
Current Market Cap: HK$18B
See more insights into 9677 stock on TipRanks’ Stock Analysis page.