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Weihai City Commercial Bank to Boost Capital Through Share Issuance

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Weihai City Commercial Bank to Boost Capital Through Share Issuance

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Weihai City Commercial Bank Co., Ltd. Class H ( (HK:9677) ) has issued an announcement.

Weihai City Commercial Bank Co., Ltd. has announced plans to issue domestic and H shares to improve its capital adequacy ratio, ensuring compliance with regulatory requirements and supporting business growth. The issuance will involve connected transactions with major shareholders, including Shandong Hi-Speed Group, and will require amendments to the bank’s Articles of Association to reflect changes in registered capital.

More about Weihai City Commercial Bank Co., Ltd. Class H

Weihai City Commercial Bank Co., Ltd. operates in the financial services industry, primarily focusing on banking services. It is a joint stock company incorporated in the People’s Republic of China and is listed on the Hong Kong Stock Exchange.

Average Trading Volume: 4,736

Technical Sentiment Signal: Buy

Current Market Cap: HK$17.52B

Learn more about 9677 stock on TipRanks’ Stock Analysis page.

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