Guizhou Rural Commercial Bank Approved to Increase Capital to 9.973 Billion Yuan, with Guizhou Rural Commercial United Bank Subscribing 3.768 Billion Shares

Deep News09-30 18:20

The Guizhou Regulatory Bureau of the National Financial Regulatory Administration issued a reply on September 30 regarding the change in registered capital of Guiyang Rural Commercial Bank Co., Ltd.

It agreed to allow Guizhou Rural Commercial United Bank Co., Ltd. to subscribe 3,768,270,800 shares of the bank.

After the subscription is completed, Guizhou Rural Commercial United Bank Co., Ltd. will hold 4,522,670,800 shares of the bank, representing a shareholding ratio of 45.35%.

It also agreed that Guizhou Rural Commercial Bank will increase its registered capital by RMB 5,395,697,592.44, changing from RMB 4,576,996,408.05 to RMB 9,972,694,000.49.

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