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BANK OF CHINA Confirms Loan Commitments to 32 Listed Co., Incl. Sinopec, COSCO Shipping
BANK OF CHINA (03988.HK) (601988.SH) announced that it has reached cooperation intentions with nearly a hundred listed companies regarding loans for stock repurchases and increases...
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BANK OF CHINA Confirms Loan Commitments to 32 Listed Co., Incl. Sinopec, COSCO Shipping
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BANK OF CHINA (03988.HK)  -0.070 (-1.823%)    Short selling $224.77M; Ratio 27.747%   (601988.SH)  -0.100 (-1.980%)   announced that it has reached cooperation intentions with nearly a hundred listed companies regarding loans for stock repurchases and increases, and has confirmed loan commitments to 32 listed companies covering industries including integrated circuits, transportation, high-end manufacturing, and business services.

The first batch of stock repurchase loan cases has officially been implemented. Last Saturday (19th), agreements for loan commitments for stock repurchases and increases were signed with six listed companies, including Sinopec, COSCO Shipping Energy, COSCO Shipping, COSCO Shipping Specialized, COSCO Shipping Development, and Dosilicon.

Related NewsUBS Predicts Stable 3Q Results for CN Banks, Potential Earnings Improvement in 2H
In the announcements released yesterday (20th) by the Shanghai and Shenzhen stock exchanges regarding cooperation with the first batch of 23 listed companies, BANK OF CHINA supported seven projects, ranking first among its peers.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-10-21 16:25.) (A Shares quote is delayed for at least 15 mins.)

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