Bank of China ( (HK:3988) ) has shared an announcement.
Bank of China Limited has completed the redemption of its U.S.$2.82 billion 3.60% non-cumulative perpetual offshore preference shares as of March 4, 2025. Following the redemption, the bank has applied for the withdrawal of these shares from the Hong Kong Stock Exchange, which will be effective after March 5, 2025. This move reflects the bank’s strategic financial management and may have implications for its capital structure and market positioning.
More about Bank of China
Bank of China Limited is a major financial institution in the People’s Republic of China, operating as a joint stock company with limited liability. It is involved in various financial services and products, including banking and investment services, with a significant presence in both domestic and international markets.
YTD Price Performance: 15.00%
Average Trading Volume: 51,472
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $203.2B
See more data about 3988 stock on TipRanks’ Stock Analysis page.