Guangzhou Rural Commercial Bank Co., Ltd. has announced its proposal for a merger by absorption of Shenzhen Pingshan Zhujiang County Bank Co., Ltd. This announcement was made by the bank's chairman, Cai Jian. The merger is part of a strategic move to integrate several county banks, as similar proposals have been made for Xingning Zhujiang County Bank Co., Ltd. and Heshan Zhujiang County Bank Co., Ltd. The plan aims to consolidate the bank's operations and expand its presence in the region. The proposals are set for consideration and approval at the upcoming annual general meeting.
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