China Zheshang Bank Co., Ltd. Class H (HK:2016) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
China Zheshang Bank Co., Ltd. is planning a capital increase for its subsidiary, Zheyin Financial Leasing, which will involve an infusion of up to RMB1.02 billion. This move aims to strengthen the financial footing of Zheyin Financial Leasing, in which the bank holds a 51% stake. The increase, subject to regulatory approval, will involve issuing new shares to existing shareholders proportional to their current holdings.
For further insights into HK:2016 stock, check out TipRanks’ Stock Analysis page.
Trending Articles
- ‘Keep On Buying,’ Says Investor About Microsoft Stock
- ‘Priced for Fantasy,’ Says Investor About Tesla Stock
- ‘Remain Skeptical,’ Says Top Investor About AMD Stock
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
