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Guangzhou Rural Commercial Bank Co. Ltd. Class H ( (HK:1551) ) has provided an announcement.
Guangzhou Rural Commercial Bank Co., Ltd. has announced a potential very substantial disposal of assets, subject to shareholder approval. The bank’s board has approved the transaction and is seeking a mandate to proceed with the disposal, which could involve Guangzhou Asset Management Co., Ltd. as the transferee. This move is significant as it exceeds 75% of applicable percentage ratios under the Listing Rules, requiring compliance with reporting and approval processes. The outcome of this transaction could impact the bank’s financial structure and stakeholder interests, with further announcements to follow as details are finalized.
More about Guangzhou Rural Commercial Bank Co. Ltd. Class H
Guangzhou Rural Commercial Bank Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the financial industry. The bank focuses on providing banking services and financial products, with a market focus on rural and urban areas in China.
YTD Price Performance: 5.73%
Average Trading Volume: 54,681
Technical Sentiment Signal: Hold
Current Market Cap: HK$24.04B
For detailed information about 1551 stock, go to TipRanks’ Stock Analysis page.