Bank of Tianjin Co., Ltd. Class H (HK:1578) has released an update.
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Bank of Tianjin Co., Ltd. has announced a RMB500 million investment in Home Credit as part of a strategic equity restructuring led by JD.com. This transaction positions the bank as a 10% shareholder in Home Credit, reflecting its commitment to expanding its financial influence and partnerships. The investment is classified as a discloseable transaction under Hong Kong Stock Exchange regulations, highlighting its significance in the financial markets.
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