Bank of Gansu Advances Convertible Negotiated Deposit Initiative
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Bank of Gansu Co., Ltd. has announced progress on its convertible negotiated deposit initiative to replenish tier-one capital. The bank has signed an agreement with the Gansu Province Department of Finance, aligning with previous terms. This move aims to strengthen the bank's capital base and enhance financial stability, potentially improving its market position. The bank operates in the financial industry but is not authorized for banking in Hong Kong. Current market cap is HK$3.84B with an average trading volume of 2,268,328.
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