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Ping An Bank Proposes 6 Billion Yuan Funding Transaction With Related Party

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Ping An Bank (SHE:000001) proposed to conduct funding transactions worth up to 6 billion yuan with its related party, Founder Securities, according to a Shenzhen bourse filing on Saturday.

The board of directors approved the transaction, which will have a business term of up to one year.

Ping An Insurance (Group) (HKG:2318; SHA:601318) controls both companies.

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Ping An Bank Proposes 6 Billion Yuan Funding Transaction With Related Party | FINWIRES