Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Bank of China ( (HK:3988) ) just unveiled an announcement.
Bank of China Limited has announced its decision to exercise the redemption of its U.S.$2.82 billion Offshore Preference Shares, with the redemption set for March 4, 2025. This move follows approval from the National Financial Regulatory Administration and is part of the bank’s financial strategy to manage its capital structure. The redemption will result in the complete withdrawal of these shares from the Hong Kong Stock Exchange, affecting shareholders as all outstanding shares will be canceled, and an aggregate redemption price of U.S.$2.92 billion will be paid out.
More about Bank of China
Bank of China Limited is a major financial institution incorporated in the People’s Republic of China, operating in the banking industry. It provides a range of financial services including commercial banking, investment banking, insurance, asset management, aircraft leasing, and other financial services, primarily focusing on both domestic and international markets.
YTD Price Performance: 6.25%
Average Trading Volume: 106,966
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $197B
Find detailed analytics on 3988 stock on TipRanks’ Stock Analysis page.
