CEB BANK (06818) plans to redeem the third tranche of preferred shares.
China Everbright Bank (06818) announced that the Board of Directors of the company approved the "Proposal on China Everbright Bank Co., Ltd. Exercising the Redemption Rights of the Third Series of Preferred Shares" on October 30, 2025, and formed a resolution to agree that the company, subject to obtaining approval or recognition from regulatory authorities such as the China Banking and Insurance Regulatory Commission (CBIRC), redeem the third series of preferred shares at the redemption price specified in the prospectus of the preferred shares. The voting results of the proposal are as follows: 16 valid votes, 16 in favor, 0 against, and 0 abstentions.
CEB BANK (06818) announced that the Board of Directors approved the "Resolution on CEB BANK Limited Shareholders' Exercise of the Third Tranche Preferred Shares Redemption Rights" on October 30, 2025. The Board agreed that the company may redeem the third tranche of preferred shares at the redemption price specified in the preferred share prospectus, subject to approval or recognition by regulatory authorities such as the China Banking and Insurance Regulatory Commission. The voting results for the resolution were as follows: 16 valid votes, 16 in favor, 0 against, 0 abstentions.
Recently, the company received a reply from the regulatory authorities confirming no objection to the redemption of the third tranche of preferred shares. Therefore, the company plans to redeem the third tranche of preferred shares on February 11, 2026.
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