Ping An Bank (SHE:000001) proposed to conduct funding transactions worth up to 6 billion yuan with its related party, Founder Securities, according to a Shenzhen bourse filing on Saturday.
The board of directors approved the transaction, which will have a business term of up to one year.
Ping An Insurance (Group) (HKG:2318; SHA:601318) controls both companies.
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