Bank of Jiangsu Plans Full Redemption of 200 Million Preferred Shares on November 30

Deep News10-13

On October 13, according to a financial news flash, Bank Of Jiangsu Co.,Ltd. (SSE: 600919) announced that it non-publicly issued 200 million preferred shares (hereinafter referred to as the "current preferred shares") in November 2017, with an issuance scale of RMB 20 billion.

The board of directors of the bank approved the "Resolution on the Redemption of Preferred Shares of Bank of Jiangsu Co., Ltd." on August 19, 2026.

Recently, the bank received a reply from the Jiangsu Regulatory Bureau of the National Financial Regulatory Administration, which had no objection to the bank's redemption of the current preferred shares.

The bank plans to fully redeem the current preferred shares on November 30, 2026.

Bank Of Jiangsu Co.,Ltd. stated that it will handle other application procedures with relevant regulatory authorities in accordance with relevant laws and regulations and the provisions of the current preferred share issuance documents, and will promptly fulfill its information disclosure obligations.

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

We need your insight to fill this gap
Leave a comment