Fumin SPDB Rural Bank Approved for Dissolution, All Operations and Assets to Be Taken Over by SPDB

Deep News11-25

On November 25, financial authorities in Yunnan granted approval for the dissolution of Fumin SPDB Rural Bank following its acquisition by Shanghai Pudong Development Bank Co., Ltd. (SPDB). All business operations, assets, liabilities, and other rights and obligations of Fumin SPDB Rural Bank will be transferred to SPDB.

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