Bank Of Qingdao Co.,Ltd. Receives Cumulative H-Share Purchase of 243 Million Shares by Major Shareholder Guoxin Industrial Finance Holdings

Deep News11-09

Bank Of Qingdao Co.,Ltd. (03866) announced that on November 6, 2025, the bank received a "Notice of Share Purchase Plan Completion" from Guoxin Industrial Finance Holdings.

From September 15 to November 5, 2025 (inclusive), Guoxin Industrial Finance Holdings accumulated a purchase of 243 million H-shares of the bank through the Hong Kong Stock Connect channel, accounting for 4.18% of the bank's total shares. The total purchase amount was RMB 957 million (excluding transaction taxes and fees).

No shares were purchased during the bank's quiet period for periodic reports or sensitive periods for major events. The funds used for the purchase were self-owned.

Following the completion of the purchase, the combined shareholding ratio of Guoxin Industrial Finance Holdings and its concerted parties has reached the target range of the purchase plan, marking the completion of this share purchase initiative.

After this purchase, Guoxin Industrial Finance Holdings and its concerted parties collectively hold 1.115 billion shares of the bank, representing 19.17% of the bank's total shares.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment