On April 28, financial authorities in Shandong issued an approval notice permitting Shandong Yangxin Rural Commercial Bank Co., Ltd. to absorb and merge Yangxin Hehai Village Bank Co., Ltd. The rural commercial bank will assume all assets, liabilities, business operations, and rights and obligations of the village bank. Following the merger, the former village bank will be converted into a branch of the acquiring institution.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments