On October 13, Bank Of Ningbo Co.,Ltd. (002142) announced that the company plans to redeem all 100 million preferred shares with a par value of 100 yuan per share, representing a total scale of 10 billion yuan.
The company will pay preferred shareholders the face value of their held preferred shares plus dividends for the holding period from November 7, 2024 to November 6, 2025, with payment scheduled for November 7, 2025.
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