Bank of China (03988) said it entered into a share transfer agreement with China Development Bank in relation to the acquisition of shares of 15 village banks at about Rmb978 million.
Bank of China is also negotiating with other shareholders on the acquisition of their shares in the 15 village banks.
The shares were publicly offered at Beijing Financial Assets Exchange Co., Ltd. through the listing procedures of trading of state-owned property rights in unlisted financial enterprises.
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