Guangzhou Rural Commercial Bank Eyes Major Asset Transfer

Guangzhou Rural Commercial Bank Co. Ltd. Class H (HK:1551) has released an update.

Guangzhou Rural Commercial Bank Co., Ltd. has announced a major transaction involving the conditional transfer of assets, pending shareholder approval at an upcoming Extraordinary General Meeting (EGM). The transaction, which qualifies as a major transaction under Hong Kong’s Listing Rules, requires careful consideration and approval due to its significant impact, with further details to be provided in a circular to shareholders by late November 2024. Investors are advised to remain cautious as the transaction may undergo changes before finalization.

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