On October 21, financial news reported that Xiamen Bank has announced that, following approval from the China Securities Regulatory Commission (CSRC) regarding its initial public offering (IPO) of stock (Approval No. [2020] 2099), it will publicly issue 263,912,789 ordinary shares (A-shares) to the public. The shares are set to be listed on the Shanghai Stock Exchange on October 27, 2020. After the IPO, the total share capital of the company will be 2,639,127,888 shares, which includes 2,375,215,099 restricted shares and 263,912,789 unrestricted shares. Currently, the number of shares issued before the IPO that remain restricted is 1,355,081,865 shares. Xiamen Bank stated that the lock-up shares released today are part of the company's initial public offering, totaling 1,349,334,069 shares. These shares involve 97 shareholders, including Xiamen Jinyuan Investment Group Co., Ltd. and Fubon Financial Holding Co., Ltd. The lock-up period will last for 60 months from the date the company's stock is listed, meaning these restricted shares will become tradable on October 27, 2025.
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