The first shareholder of private bank Jiangxi Yumin Bank has been changed to a local state-owned enterprise. According to the approval disclosed by the China Banking and Insurance Regulatory Commission on August 12, Nam Cheong Financial Holdings Co., Ltd. has been approved to acquire 600 million shares of Yumin Bank held by Zhengbang Group Co., Ltd. After the acquisition, Nam Cheong Financial Holdings will hold a total of 600 million shares of Yumin Bank, accounting for 30% of the share capital. This means that Nam Cheong Financial Holdings has become the largest shareholder of Yumin Bank, and this is also the first time that state-owned assets have become the largest shareholder of a private bank. (Pengpai)
国资首次成为民营银行第一大股东：南昌金控接盘裕民银行30%股份，正邦集团退出
State-owned assets have become the largest shareholder of a private bank for the first time: Nam Cheong Financial Holdings took over 30% of Yuminn Bank's shares, while Zhenbang Group withdrew.
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