Guangzhou Rural Commercial Bank Co. Ltd. Class H (HK:1551) has released an update.
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Guangzhou Rural Commercial Bank Co., Ltd. has successfully completed a major transaction by transferring assets worth RMB9.993 billion to Guangzhou Asset Management Co., Ltd. This strategic move, approved by the bank’s shareholders, involves the cash-based transfer of rights, interests, and obligations related to the assets. The transaction underscores the bank’s commitment to optimizing its asset management strategy.
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