Bank of Guizhou Receives Intent Letter from Moutai Group for Subscription of Up to 619 Million Domestic Shares

Stock News20:42

Bank of Guizhou (06199) announced that it received an intent letter dated October 28, 2026, from Moutai Group on the same day.

According to the intent letter, subject to all necessary regulatory approvals for this issuance and the Moutai Group subscription, as well as shareholder approval at the extraordinary general meeting and class meetings, Moutai Group intends to subscribe for no more than 619 million domestic shares.

The announcement stated that Moutai Group's proposed participation in this issuance reflects the confidence and support of the bank's major shareholder regarding its long-term business development and prospects, which will help the bank optimize its equity and capital structure, enhance core competitiveness, and create long-term value for shareholders.

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