①On the evening of November 8, Bank of Nanjing announced that Caisse de dépôt et placement du Québec (QFII) increased its shareholding in the bank by 1%. This is the second time this year that CDPQ has increased its stake in Bank of Nanjing. ②Last month, Bank of Nanjing just welcomed a new shareholder with wings, East China Airport Group, whose ultimate shareholders are the Jiangsu provincial government and the Nanjing municipal state-owned assets. ③Since the second half of the year, several banks have received substantial shareholding increases from their shareholders.
On the evening of November 8, Bank of Nanjing issued an announcement that Caisse de dépôt et placement du Québec (QFII) had increased its shareholding in the bank by 1% through centralized bidding trading on the Shanghai Stock Exchange trading system using its own funds from March 14, 2024, to November 7, 2024. Caijing reporter noted that this is CDPQ's second shareholding increase in Bank of Nanjing this year.
Bank of Nanjing announced that this equity change is an increase in shareholding and does not involve a tender offer. The company's largest shareholder Caisse de dépôt et placement du Québec and CDPQ (QFII) together increased their stake in the company from 17.04% to 18.04%, with a 1% increase. The company will continue to monitor changes in the shareholdings of CDPQ and CDPQ (QFII) and promptly disclose information.
Bank of Nanjing has announced that this change in equity is an increase in shareholding and does not involve a tender offer. The company's largest shareholder, CDPQ, and CDPQ (QFII) have increased their combined stake in the company from 17.04% to 18.04%, with a 1% increase. "The company will continue to monitor changes in the shareholdings of CDPQ and CDPQ (QFII) and promptly disclose information as necessary."
CDPQ has made a move for the second time this year, while Nanjing Bank had just welcomed a new shareholder last month.
Caijing reporter found that in the first half of this year, CDPQ had conducted a similar operation. On March 14, Bank of Nanjing announced that, based on confidence in the company's future development, CDPQ (QFII) had used its own funds through the Shanghai Stock Exchange trading system from February 26, 2024, to March 13, 2024, to increase its stake by 79,868,527 shares, accounting for 0.77% of the total share capital.
In comparison, CDPQ's second shareholding increase is significantly larger, with a higher financial cost. Looking at the stock price of Bank of Nanjing, the bank has been maintaining a trend of oscillating upwards since January, with today's closing price at 10.19 yuan, compared to just over 6 yuan at the beginning of the year.
It is worth noting that before CDPQ's announcement, Bank of Nanjing had just welcomed a new shareholder with wings. On October 10, Bank of Nanjing announced that from August 23 to October 9, East China Airport Group Investment Co., Ltd., used its own funds through the Shanghai Stock Exchange trading system to increase its stake by 115.767 million shares, accounting for 1.09% of the total share capital.
Tianyancha shows that East Airport Group's shareholders are Jiangsu Provincial Government State-owned Assets Supervision and Administration Commission, Nanjing Zijin Investment Group Co., Ltd., and Jiangsu Transportation Holdings Co., Ltd., holding 44%, 28.704%, and 27.296% respectively. Nanjing Zijin Investment Group Co., Ltd. and Jiangsu Transportation Holdings Co., Ltd. are the second and fourth largest shareholders of Bank of Nanjing. According to Bank of Nanjing's 2024 interim report data, the aforementioned two companies each hold 12.87% and 9.99% of Bank of Nanjing shares.
In addition, a wholly-owned subsidiary of Jiangsu Transportation Holdings Co., Ltd., Jiangsu Yunshan Capital Management Co., Ltd., also holds 4.8% of Bank of Nanjing's shares, ranking as the fifth largest shareholder.
In the second half of the year, many banks have received shareholder shareholding or director and supervisor high-level executives' "stock market stabilization" support.
Financial Association reporters have noticed that bank stocks have remained strong throughout the year, and since the second half of the year, many banks have received substantial silver and gold shareholder shareholding to "stabilize the market".
On September 26, China Everbright Bank announced that as of the disclosure date of this announcement, China Everbright Group has cumulatively increased its A-share of the Bank by 80,619,500 shares through the Shanghai Stock Exchange system through centralized bidding, accounting for 0.14% of the Bank's total share capital. The cumulative increase amount is 249,064,790 yuan (excluding transaction costs).
On October 8, Bank of Suzhou announced that its largest shareholder, Guofa Group, increased its shares in the company by a total of 14.7752 million shares in the secondary market from September 19 to October 8, accounting for 0.40% of the total share capital of the company as of September 30. After this increase, Guofa Group's shareholding quantity is 0.448 billion shares, with a shareholding ratio of 12.20%.
In addition, some bank directors and high-level supervisors have also taken action to increase their own bank stocks. On July 10, Bank of Jiangyin Rural Commercial Bank of Jiangsu announced that from January 9, 2024, to July 8, 2024, some directors, supervisors, senior management, and key staff of the company purchased convertible corporate bonds and converted them into shares and collectively increased the company's shares by 2,740,411 shares through centralized bidding in the secondary market, accounting for 0.1113% of the company's current total share capital. The total increase amount is 10.5866 million yuan (excluding transaction costs).
On September 7, Shanghai Rural Commercial Bank announced that as of September 5, 2024, senior management and some directors and supervisors increased the company's shares by 509,900 shares through the Shanghai Stock Exchange trading system through centralized bidding, with a total increase amount of 3,457,596 yuan.