CEB BANK (06818) has announced that the bank will redeem all of its third tranche of preference shares. The non-public issuance of 350 million preference shares, with a total value of RMB 35 billion, took place on July 15, 2019. The bank plans to redeem the entire issuance of 350 million shares, each with a face value of RMB 100, amounting to a total of RMB 35 billion. According to the redemption schedule, the third tranche of preference shares will be delisted starting February 11, 2026.
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