On November 7, Bank of Qingdao announced that Qingdao Guoxin Industrial Finance Holding (Group) Co., Ltd. ("Guoxin Industrial Finance") planned to increase its stake in the bank through secondary market transactions. Upon completion, the combined shareholding of Guoxin Industrial Finance and its acting-in-concert parties—Qingdao Guoxin Financial Holding Co., Ltd. and Qingdao Guoxin Capital Investment Co., Ltd.—would reach between 19.00% and 19.99% (the "Share Increase Plan").
From September 15, 2025, to November 5, 2025 (inclusive), Guoxin Industrial Finance accumulated an additional 243 million H-shares of Bank of Qingdao via the Stock Connect program, representing 4.18% of the bank’s total shares. The total investment amounted to RMB 956.7937 million (excluding transaction fees and taxes), marking the completion of the Share Increase Plan.
Following the acquisition, Guoxin Industrial Finance and its acting-in-concert parties now hold a combined 1,115,471,173 shares in Bank of Qingdao, accounting for 19.17% of the total issued shares.
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