Jilin Jiutai Rural Commercial Bank Provides Update on Disposal of Target Equity Transaction

Reuters
25 Jun
Jilin Jiutai Rural Commercial Bank Provides Update on Disposal of Target Equity Transaction

Jilin Jiutai Rural Commercial Bank Corporation Limited has provided a supplemental announcement regarding its disposal of target equity. The update highlights the basis for determining the consideration, which includes asset verification and asset valuation results. The bank's board, led by Chairman Guo Ce, aims to keep shareholders and potential investors informed with additional information following the initial announcement dated June 6, 2025. Trading in the bank's H shares on the Hong Kong Stock Exchange remains suspended as the bank works towards satisfying conditions for resumption. Further announcements will be made as necessary to update on progress.

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