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Yibin City Commercial Bank Co., Ltd. Class H ( (HK:2596) ) has shared an announcement.
Yibin City Commercial Bank Co., Ltd announced the approval from the National Financial Regulatory Administration Sichuan Office to increase its registered capital from RMB3.9 billion to RMB4.5884 billion. This change, approved at the 2024 annual general meeting, involves amendments to the Articles of Association, which have been filed with the relevant authorities. This capital increase is likely to enhance the bank’s financial stability and operational capacity, potentially impacting its market positioning and stakeholder confidence.
The most recent analyst rating on (HK:2596) stock is a Buy with a HK$3.00 price target. To see the full list of analyst forecasts on Yibin City Commercial Bank Co., Ltd. Class H stock, see the HK:2596 Stock Forecast page.
More about Yibin City Commercial Bank Co., Ltd. Class H
Yibin City Commercial Bank Co., Ltd is a joint stock company incorporated in the People’s Republic of China, operating in the financial industry. It is not an authorized institution under the Hong Kong Banking Ordinance and is not supervised by the Hong Kong Monetary Authority, nor is it authorized to conduct banking or deposit-taking business in Hong Kong.
Average Trading Volume: 11,606
Technical Sentiment Signal: Hold
Current Market Cap: HK$11.93B
Find detailed analytics on 2596 stock on TipRanks’ Stock Analysis page.