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Weihai City Commercial Bank Co., Ltd. Class H ( (HK:9677) ) just unveiled an update.
Weihai City Commercial Bank Co., Ltd. announced the successful issuance of RMB2 billion in tier-two capital bonds with a 2.6% coupon rate, aimed at replenishing its tier-two capital. This strategic financial move is expected to enhance the bank’s capital base, potentially strengthening its market position and operational capabilities.
More about Weihai City Commercial Bank Co., Ltd. Class H
Weihai City Commercial Bank Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, focusing on providing banking services. It operates primarily in the national inter-bank bond market and is not authorized to conduct banking or deposit-taking business in Hong Kong.
Average Trading Volume: 815,760
Technical Sentiment Signal: Buy
Current Market Cap: HK$17.28B
Find detailed analytics on 9677 stock on TipRanks’ Stock Analysis page.