China CITIC Bank Faces Review Suspension on Rights Issue

China CITIC Bank (HK:0998) has released an update.

China CITIC Bank has faced a temporary review suspension from the Shanghai Stock Exchange regarding its planned issuance of rights shares to existing A shareholders due to a required change in its accounting firm. The bank is taking steps to address this and aims to resume the review process swiftly. Investors are advised to remain cautious as there is uncertainty about when the approval process will be completed.

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