Bank of Chongqing Announces Share Transfer from Bayu Minsu to Yudi Yuanjian

Deep News11-03 18:40

On November 3, according to a financial news report, Bank of Chongqing Co., Ltd. (ASX: 601963) today issued an announcement stating that it recently received a notification letter regarding equity changes from its shareholder, Chongqing Land Group Co., Ltd. (hereinafter referred to as "Chongqing Land Group"). The board of directors of Chongqing Land Group has reviewed and approved the absorption and merger of Chongqing Bayu Minsu Group Co., Ltd. (hereinafter referred to as "Bayu Minsu Company") by Chongqing Yudi Yuanjian Urban Operation Management Co., Ltd. (hereinafter referred to as "Yudi Yuanjian Company"). The A-share shares of the bank held by Bayu Minsu Company will be transferred without compensation to Yudi Yuanjian Company through non-trading transfer. Both Yudi Yuanjian Company and Bayu Minsu Company are enterprises controlled by Chongqing Land Group. After the completion of the above transfer, the composition of Chongqing Land Group and its persons acting in concert will change. Bayu Minsu Company will no longer be a person acting in concert with Chongqing Land Group, and Yudi Yuanjian Company will become a person acting in concert with Chongqing Land Group.

Bank of Chongqing pointed out that before this equity change, Chongqing Land Group and its persons acting in concert collectively held 229,111,689 shares of the bank, with a shareholding ratio of 6.32%. After this equity change, the composition of Chongqing Land Group and its persons acting in concert will change. Bayu Minsu Company will no longer be a person acting in concert with Chongqing Land Group, and Yudi Yuanjian Company will become a person acting in concert with Chongqing Land Group. The total shares of the bank collectively held by Chongqing Land Group and its persons acting in concert will remain 229,111,689 shares, with a shareholding ratio of 6.32%.

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