On November 20, Bank Of Beijing Co., Ltd. announced its plan to fully redeem 49 million preferred shares issued on December 11, 2015 (referred to as "the Preferred Shares"). The issuance size was RMB 4.9 billion, with the preferred shares trading under the ticker "360018" and abbreviated as "BeiYin You 1."
Following approval by the bank's board of directors and no objection from the Beijing Office of the National Financial Regulatory Administration, the bank intends to complete the redemption on December 11, 2025.
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