Bank Of Shanghai Plans to Redeem 20 Billion Yuan Preferred Shares on December 19

Deep News10-21

On October 21, Shanghai Bank issued its first notice regarding the redemption of preferred shares. The announcement revealed that the company had issued 200 million preferred shares through a private placement in December 2017 (hereinafter referred to as "the preferred shares"), with the abbreviation "上银优 1" and the code 360029. Following approval from the company's board of directors and review by the Shanghai Regulatory Bureau of the National Financial Regulatory Authority, the company intends to redeem these preferred shares on December 19, 2025.

Shanghai Bank stated that it plans to redeem all 200 million preferred shares, each with a face value of 100 RMB, totaling 20 billion RMB. The redemption price for these preferred shares will be the par value plus any declared but unpaid dividends for the current period.

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