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Weihai City Commercial Bank Co., Ltd. Class H ( (HK:9677) ) has shared an announcement.
Weihai City Commercial Bank Co., Ltd. has announced the full redemption of its RMB3 billion tier-two capital bonds, initially issued in September 2020. This strategic financial move, executed by exercising the redemption right, is likely to impact the bank’s capital structure and financial strategy, potentially influencing its market positioning and stakeholder relations.
More about Weihai City Commercial Bank Co., Ltd. Class H
Weihai City Commercial Bank Co., Ltd., a joint stock company incorporated in the People’s Republic of China, operates within the banking industry. It is not authorized to conduct banking or deposit-taking business in Hong Kong and is not under the supervision of the Hong Kong Monetary Authority.
Average Trading Volume: 6,742
Technical Sentiment Signal: Buy
Current Market Cap: HK$17.46B
See more insights into 9677 stock on TipRanks’ Stock Analysis page.