1. In July of this year (July 1 to July 31), Baida Group sold a total of 750,000 shares of Bank of Hangzhou through centralized bidding, with a cumulative transaction amount of 10,017,050.00 yuan. 2. Since 2022, Baida Group has sold shares of Bank of Hangzhou several times in the public market, and the cumulative transaction amount has already exceeded 100 million yuan. 3. From public information, there have been many cases of shareholders selling bank stocks for profits this year.
On August 2nd, under the background of the overall strong performance of bank stocks this year, some shareholders have harvested a good fortune by cashing out on highs.
On August 2nd, Baida Group Co., Ltd., a listed company, issued a notice stating that it had sold 750,000 shares of Bank of Hangzhou through the Shanghai Stock Exchange's stock trading system through centralized bidding from July 1 to July 31, with a cumulative transaction amount of 10,017,050.00 yuan.
According to statistics by reporters, since 2022, Baida Group has sold shares of Bank of Hangzhou several times in the public market, and the cumulative transaction amount has already exceeded 100 million yuan.
The successful cashing out of Bank of Hangzhou stocks will greatly increase the profit of Baida Group.
On August 2nd, Baida Group issued a notice stating that from July 1, 2024 to July 31, 2024, the company sold 750,000 shares of Bank of Hangzhou through the Shanghai Stock Exchange's stock trading system through centralized bidding, with a cumulative transaction amount of 10,017,050.00 yuan, accounting for 0.44% of the company's latest audited net assets; the cumulative impact on the net profit attributable to the company's shareholders was 2,267,539.24 yuan, accounting for 16.71% of the company's latest audited net profit attributable to shareholders. Baida Group also stated that it still holds 12,780,645 shares of Bank of Hangzhou. The income from the sale of Bank of Hangzhou stocks and the fair value changes of the current holding Bank of Hangzhou stocks will affect the company's net profit. The specific accounting treatment and the impact on the company's 2024 profit and loss still need to be confirmed by the results of the annual audit of accountants. Investors are requested to pay attention to the risks of investment.
Baida Group also stated that the company still holds 12,780,645 shares of Bank of Hangzhou. The income from the sale of Bank of Hangzhou stocks and the fair value changes of the current holding Bank of Hangzhou stocks will affect the company's net profit.
Today, reporters found that on March 30 of this year, Baida Group announced that to improve the efficiency of the company's use of assets, optimize the company's asset structure, and authorize management to continue to roll over the Bank of Hangzhou shares held, sell or buy as appropriate, and the total holding after the transaction does not exceed 20 million shares. The authorized period starts from the date of approval by the shareholder meeting for 12 months.
Reporters noted that when Baida Group proposed the disposal of Bank of Hangzhou stocks in March of this year, the stock price of Bank of Hangzhou was about 11 yuan per share, and it has been rising ever since. In May, the stock price of Bank of Hangzhou reached a high of 14.23 yuan per share. Based on Baida Group's announcement of the reduced shareholding window from July 1st to July 31st, the stock price of Bank of Hangzhou fluctuated around 13.20 yuan, with an increase of about 20% since the beginning of the year.
Baida Group has previously disposed of Bank of Hangzhou's shares many times, with a transaction amount exceeding 12.3 billion yuan.
Reporters found that according to public information, Baida Group has sold shares of Bank of Hangzhou several times in the past.
In early 2023, Baida Group announced that from January 1, 2022 to December 31, 2022, the company reduced its holdings of 7,838,030 shares through centralized bidding on the stock trading system, with a total transaction amount of 104,535,268.31 yuan (excluding transaction fees), and a transaction average price of 13.34 yuan per share.
At the beginning of this year, Baida Group announced that as of the beginning of 2023, the company held 14,178,645 shares of Bank of Hangzhou. From January 1, 2023 to December 31, 2023, the company reduced its holdings by 648,000 shares through centralized bidding on the stock trading system, with a total transaction amount of 8,714,000 yuan (excluding transaction fees), and a transaction average price of 13.45 yuan per share.
According to the above information, Baida Group has sold Hangzhou Bank stocks publicly since 2022, with a cumulative turnover of up to 0.123 billion yuan.
It is worth noting that there have been many cases of shareholders selling bank stocks for profit based on public information this year. For example, on February 7, Century Legend announced that on February 6, 2024, the company's wholly-owned subsidiary sold a total of 0.1 million shares of Bank of Communications stock on the market at a price of approximately HKD 4.82 per share, with a total proceeds of approximately HKD 0.482 million (excluding transaction costs). After the sale, the group no longer holds any Bank of Communications shares. On March 19, listed company Baotou Huazi Industry announced that according to the board of directors' resolution and the company's capital needs, it would sell part or all of its remaining 22,427,200 shares of Hua Xia Bank stock.