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Minsheng Bank plans to have New Hope Liuhe increase its shareholding through the secondary market.
Minsheng Bank (01988) issued an announcement that the 'Proposal of China Minsheng Bank Co., Ltd. on the Investment by New Hope Chemical Investment Co., Ltd. in the Bank' has been approved at the second interim meeting of the ninth board of directors of the bank. According to relevant regulations, the bank will submit an approval application to the China Banking and Insurance Regulatory Commission for shareholder changes of 5% or more. New Hope Group Limited is bullish on the long-term development of the bank. Its subsidiary, New Hope Chemical Investment Co., Ltd. (referred to as 'New Hope Chemical'), plans to increase its shareholding in the bank through the secondary market, with the method of shareholding being centralized bidding and block trading. As of the date of this announcement, New Hope
Liu Yonghao has taken action! Minsheng Bank disclosed that the former largest shareholder plans to increase their shareholding to a total of over 5%, having previously reduced their shareholding multiple times.
① Currently, Southern Hope Industrial Co., Ltd. and New Hope Liuhe Investment Co., Ltd. together hold 4.96% of the total shares of the bank. ② As of the end of the third quarter, the core Tier 1 capital adequacy ratio, Tier 1 capital adequacy ratio, and total capital adequacy ratio of Minsheng Bank increased by 0.02, decreased by 0.19, and decreased by 0.48 percentage points respectively compared to the end of last year.
Express News | China Minsheng Banking Says New Hope Chemical Investment and Parties Acting in Concert to Hold Over 5% Company Stakes After the Share Increase
Express News | China Minsheng Banking Says New Hope Chemical Investment Plans to Raise Holdings in Co
Minsheng Bank (600016.SH): New Hope Liuhe Chemical plans to increase its shareholding.
On November 18, Menglonghui announced that Minsheng Bank (600016.SH) disclosed the "Proposal of China Minsheng Bank Co., Ltd. on the Investment of New Hope Chemical Investment Co., Ltd. in the Bank" has been reviewed and approved by the ninth board of directors of the Bank at its second interim meeting. According to relevant regulations, the Bank will submit an approval application to the China Banking and Insurance Regulatory Commission for matters relating to changes in shareholders with a stake of more than 5%. New Hope Group Limited is bullish on the Bank's long-term development, and its subsidiary New Hope Chemical Investment Co., Ltd. (hereinafter referred to as "New Hope Chemical") intends to increase its shareholding in the Bank through secondary market transactions, with the shareholding to be increased through centralized competitive trading and bulk trading.
Hong Kong stocks show unusual movements | China mainland banking sector rises across the board, banks sector overall in a state of trading below book value, market cap management guidance brings opportunities for valuation reshaping.
China mainland banking stocks are all rising, as of the press release, bank of zhengzhou (06198) rose by 8.08% to HKD 1.07; minsheng bank (01988) rose by 6.14% to HKD 3.11; ceb bank (06818) rose by 4.15% to HKD 2.76; bank of china (03988) rose by 3.32% to HKD 3.73; industrial and commercial bank of china (01398) rose by 2.83% to HKD 4.73.
Investors in China Minsheng Banking (SHSE:600016) Have Unfortunately Lost 16% Over the Last Five YearsNo Data
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