Summary by Futu AI
CM BANK released its monthly securities variation report on January 2, 2025, for the period ending December 31, 2024. The report indicates that the bank's equity structure remained stable in December, with no changes occurring.Specifically, the quantity of CM BANK's Listed in Hong Kong shares remained at 4.591 billion shares, while the quantity of A-shares stayed at 20.629 billion shares. In addition, the bank also has 0.275 billion domestic preferred shares. The total registered capital of CM BANK amounts to 52.72 billion yuan, which includes the total funds raised from ordinary shares and domestic preferred shares.It is noteworthy that CM BANK's 2.75 billion yuan domestic preferred shares can be forcibly converted into A-shares upon the occurrence of a triggering event, with an initial conversion price of 19.02 yuan per share. If fully converted, about 1.446 billion A-shares can be issued.