Huishang Bank (872386): Plans to transfer 51% of the equity in Fujian Minqing Ruishi Village Bank Co., Ltd.

NightAirdropper · 2026-03-07T18:40:35+00:00

Huitong Bank announced that it will transfer its 51% stake in Fujian Minqing Ruishi Village Bank to Minqing County Rural Credit Cooperative Union, at a transfer price of 1.3167 yuan per share, totaling approximately 68.5342 million yuan. After the transfer, Huitong Bank will no longer hold any shares in the bank.

NightAirdropper

2026-03-07 18:40:35

Abstract generation in progress

Huitong Bank announced on March 6 that, in response to the central government’s call to accelerate the structural reorganization of village and township banks, and in accordance with the requirements of regulatory authorities and the provincial cooperative union, the bank plans to transfer its 51% stake in Fujian Minqing Ruishi Village and Township Bank Co., Ltd., totaling 52.05 million shares, to Minqing County Rural Credit Cooperative. The transfer price is based on the net asset value per share. After negotiations with Minqing Cooperative, the transfer price is set at 1.3167 yuan per share, with a total transfer amount of approximately 68.5342 million yuan. After the transfer, the bank will no longer hold any shares in Minqing Ruishi Village and Township Bank. The final number of shares transferred is subject to approval and reporting to regulatory authorities.

(Reporter: Zhang Mingshuang)

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