CITIC Bank (00998) announced that it intends to redeem 350 million domestic non-publicly issued preferred shares on October 26, 2026. These shares were originally issued on October 21, 2016, under the securities name CITIC You 1 and securities code 360025.
The bank plans to apply for a trading halt of these preferred shares on October 23, 2026, and will proceed with the redemption and cancellation of the preferred shares on October 26, 2026.
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