The trend of funds increasing their holdings of bank stocks is strengthening.
On the evening of December 12, Shanghai Rural Commercial Bank announced that the company intends to adopt the shares of shareholders Shanghai Jiushi (Group) **hereinafter referred to as "Jiushi Group"), Shanghai Guosheng Group Assets *** hereinafter referred to as "Guosheng Assets") and Zhejiang Shanghai-Hangzhou-Ningbo Expressway Co., Ltd. *** hereinafter referred to as "Zhejiang Huhangyong"). Stabilize the stock price by increasing its shareholding in the bank with funds of not less than 15% of the total cash dividends it received from the bank in the most recent year.
At this point, Shanghai Rural Commercial Bank will also usher in shareholder increases.
According to the announcement, the total amount of the three shareholders who increased their holdings in Shanghai Rural Commercial Bank was not less than 8694420,000 yuan.
Among them,The amount of Jiushi Group's proposed increase in holdings this time is not less than10,000 yuan;Guosheng Assets and Zhejiang Huhangyong plan to increase their holdings by no less than 2441 respectively89million and 24318710,000 yuan;
There is no ** range for this increase plan;The implementation period of the shareholding increase plan is 6 months from the date of disclosure of this announcement.
Trigger conditions for stock price stabilization measuresThe increase in holdings of Shanghai Rural Commercial Bank originated from Shanghai Rural Commercial BankStock price performance triggers the trigger conditions for stock price stabilization measures
According to the stock price stabilization plan, within 3 years after the listing of Shanghai Rural Commercial Bank's A shares**, if the ** price of the bank's A shares ** for 20 consecutive trading days is lower than the bank's latest audited net assets per share (after the bank's latest audit base date, due to dividends, share gifts, capital reserve to increase share capital, If there is a change in the bank's net assets or total number of shares due to allotment and other matters, the net assets per share shall be adjusted accordingly, the same below), and if it is not due to force majeure, the bank, shareholders holding 5% or more of the bank's shares, directors and senior management and other relevant entities will initiate the relevant procedures and implement relevant measures to stabilize the bank's stock price on the premise that it complies with relevant laws and regulations and the distribution of the bank's shares meets the listing conditions.
From November 2, 2023 to November 29, 2023, the ** price of A shares of Shanghai Rural Commercial Bank has been lower than the bank's latest audited net assets per share of 10 for 20 consecutive trading days22 yuan shares (after deducting dividend adjustments), triggering the bank's stock price stabilization measures.
According to the implementation sequence of the bank's stock price stabilization plan, Shanghai Rural Commercial Bank will take measures to increase the holdings of shareholders holding more than 5% of the shares (including shareholders holding more than 5% of the shares before the bank's initial listing, the same below) to fulfill the obligation of stabilizing the stock price under the premise of complying with the relevant regulations of the relevant regulatory authorities on the bank's shareholder qualifications and other laws and regulations.
Judging from the shareholding at the end of the third quarter, there are more than three shareholders holding more than 5% of the bank's shares.
Pictured: Top 10 shareholders of Shanghai Rural Commercial Bank at the end of the third quarter of 2023.
In the end, only the next 3 shareholders were determined because some shareholders did not meet the conditions for increasing their holdings.
For example, Shanghai International Group's state-owned assets management and Shanghai International Group's asset management do not comply with the relevant provisions on the upper limit of the shareholding ratio of domestic non-financial institutions in the Implementation Measures of the China Banking and Insurance Regulatory Commission for Administrative Licensing Items for Rural Small and Medium-sized Banking Institutions.
China COSCO Shipping Group*** Baoshan Iron & Steel Co., Ltd. does not comply with the relevant provisions of "two participation and one control" of major shareholders of commercial banks in the Interim Measures for the Administration of Equity of Commercial Banks.
China Pacific Life Insurance Co., Ltd. does not comply with the relevant provisions of the Interim Measures for the Investment Management of Insurance Institutional Investors.
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