Ya'an City Commercial Bank's Capital Increase Plan Approved, to Issue Up to 957 Million Shares via Private Placement

Deep News12-22 18:50

On December 22, financial authorities in Sichuan approved the capital increase and share expansion plan of Ya'an City Commercial Bank Co., Ltd., allowing the bank to issue up to approximately 957 million shares through private placement.

The approval confirmed the shareholder eligibility of Ya'an Economic and Technological Development Zone Finance Bureau, Tianquan County Finance Bureau, Lushan County Finance Bureau, and Baoxing County Finance Bureau.

Following the capital increase, Ya'an Economic and Technological Development Zone Finance Bureau will hold approximately 194 million shares in Ya'an City Commercial Bank, Tianquan County Finance Bureau will hold about 209 million shares, Lushan County Finance Bureau will hold around 201 million shares, and Baoxing County Finance Bureau will hold approximately 165 million shares.

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