China CITIC Bank (SHA:601998) proposed related-party deal caps with CITIC Group and its affiliates, Quzhou Development, and Bank of China (HKG:1658, SHA:601988) for 2027 to 2029.
The caps cover credit business, asset transfers, custody services, financial advisory, investment, financial market operations, deposits and other services, according to a Wednesday aftermarket filing with the Shanghai bourse.
The proposal requires shareholder approval.
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