Jiangxi Rural Commercial United Bank Authorized to Acquire 5.3924% Stake in Lianhua Rural Commercial Bank

Deep News04-14

On April 14, financial authorities in Jiangxi approved Jiangxi Rural Commercial United Bank Co., Ltd. to take over a 5.3924% equity interest in Lianhua Rural Commercial Bank. The approval grants Jiangxi Rural Commercial United Bank Co., Ltd. the right to acquire 8,559,095 shares in Jiangxi Lianhua Rural Commercial Bank Co., Ltd. previously held by Jiangxi Runxin Industrial Co., Ltd. Following the transaction, Jiangxi Rural Commercial United Bank Co., Ltd. will hold 8,559,095 shares in Jiangxi Lianhua Rural Commercial Bank Co., Ltd., representing a 5.3924% ownership stake.

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