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The latest update is out from Jilin Jiutai Rural Commercial Bank Corporation Limited Class H ( (HK:6122) ).
Jilin Jiutai Rural Commercial Bank Corporation Limited has announced that the voluntary conditional general cash offers for its H Shares and Domestic Shares have become unconditional as to acceptances. The Offeror, Jilin Financial Holding Group Co., Ltd., has received valid acceptances for approximately 90.34% of the H Shares and 66.57% of the Domestic Shares, meeting the necessary conditions for the offers. This development signifies a significant shift in the bank’s ownership structure, with the Offeror and its Concert Parties now holding approximately 71.10% of the voting rights in the bank. The announcement also includes a proposed withdrawal of the listing of the H Shares, indicating a strategic move that could impact the bank’s market positioning and shareholder engagement.
More about Jilin Jiutai Rural Commercial Bank Corporation Limited Class H
Jilin Jiutai Rural Commercial Bank Corporation Limited is a financial institution based in the People’s Republic of China. It operates within the banking industry, focusing on providing commercial banking services to rural areas. The bank is involved in offering various financial products and services, including loans, deposits, and other banking solutions, primarily targeting rural communities and businesses.
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.08B
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