Bank of Zhengzhou Receives Approval to Acquire Two Rural Banks and Establish Branches

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Bank of Zhengzhou Receives Approval to Acquire Two Rural Banks and Establish Branches

Deep News01-05

On January 5, Bank of Zhengzhou Co., Ltd. announced that it had recently received official approvals from regulatory authorities.

The approvals, namely the "Heibi Financial Regulatory Sub-Bureau Reply No. 44 [2025]" and the "Xuchang Financial Regulatory Sub-Bureau Reply No. 131 [2025]," grant the bank permission to acquire Junxian ZhengYin Rural Bank Co., Ltd. and Yanling ZhengYin Rural Bank Co., Ltd. respectively, and to establish branches in their place.

These new branches will assume all assets, liabilities, business operations, and employees, along with all associated rights and obligations, following the completion of asset and liability verification for the acquired banks.

Bank of Zhengzhou stated that it will strictly adhere to all relevant laws and regulations to finalize the acquisition process.

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.

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