Information from the Alibaba judicial auction platform shows that the 1.106 billion shares of ZYBANK held by Kaifeng Lanwei Expressway Development Co., Ltd. and nine other companies, along with their yields, will be publicly auctioned on this platform in late January 2025, with a cumulative starting price exceeding 0.74 billion yuan. Based on the bank's total shares, the aforementioned shares account for more than 3%. These shares were derived from the stock conversion of shares originally held by the aforementioned companies in Pingdingshan Bank and Luoyang Bank. In May 2022, the former China Banking and Insurance Regulatory Commission approved ZYBANK's absorption and merger of Luoyang Bank, Pingdingshan Bank, and Jiaozuo Zhonglv Bank, and ZYBANK acquired all shares held by the shareholders of the three city commercial banks at a price of 28.47 billion yuan, through issuance of shares.

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中原银行逾3%股权遭司法拍卖,合计起拍价超过7.4亿元
More than 3% of the shares of ZYBANK are subject to judicial auction, with a total starting price exceeding 0.74 billion yuan.
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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