Bank of Hangzhou completes "Hangzhou Bank convertible bonds" redemption
Bank of Hangzhou announced the successful completion of the redemption of its "Hangzhou Bank Convertible Bonds" on July 7, 2025. The total redemption amount was CNY 5,941,151.92, which includes current interest. A total of CNY 5,912,000 in bonds were redeemed. As a result of prior conversions, a total of 1,318,802,116 shares have been converted, representing 22.24% of the bank’s share capital before the conversion. Following the redemption, the bank’s total share capital increased to 7,249,002,548 shares. The bonds ceased trading on July 2, 2025, and any remaining bonds were frozen on July 4, 2025. The bank believes this move will strengthen its capital base for sustainable growth.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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