Bank of Beijing to Increase Stake to 100% in Zhejiang Wencheng Beiyin Rural Bank After Share Transfer Approval

Deep News12-19

On December 19, the Zhejiang Office of the National Financial Regulatory Administration approved the share transfer of Zhejiang Wencheng Beiyin Rural Bank. Bank of Beijing Co., Ltd. (601169) has been authorized to acquire 5.225 million shares from multiple shareholders, raising its ownership to 100%.

The approved transactions include: - 522,500 shares from Beijing Hengguan Commerce & Trade Co., Ltd. - 522,500 shares from Zhejiang Donghai Petroleum Industry Co., Ltd. - 418,000 shares each from Hangzhou Xinghui Textile Co., Ltd., Qingtian Mingdian Footwear Co., Ltd., Hangzhou Lvdu Medical Equipment Co., Ltd., Sichuan Pangdu Environmental Technology Co., Ltd., and Wuhan Zhenan Pipe Pile Co., Ltd.

Upon completion, Bank of Beijing will hold all 5.225 million shares of the rural bank.

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