① Bank of Ningbo and Bank of Lanzhou announced on the same day that the shareholder increase was completed, and the proportion of Youngor's shareholding in Bank of Ningbo increased to 10%; ② Bank of Ningbo's stock price has continued to rise since the beginning of the year. After Youngor's current round of holdings increase, Bank of Ningbo's stock price has risen by more than 20%; ③ After Central Huijin increased its holdings in the four major banks last year, the average increase so far is about 17%.
Financial Services Association, May 17 (Reporter Zou Juntao) Another bank recently revealed the progress of plans to increase the majority shareholders' holdings.
On the evening of May 16, the Bank of Ningbo issued an announcement stating that the majority shareholder, Youngor Fashion Co., Ltd. (hereinafter referred to as “Yagor”), has expired and implemented a total of 42,670,934 shares during this period, accounting for 0.65% of the company's total share capital. According to the relevant announcement previously disclosed, this round of Youngor's holdings increase was mainly concentrated between late November 2023 and mid-February this year, and all were completed before February 16 this year.
A Financial Services Association reporter noticed that the overall valuation of the banking sector has continued to rise since the beginning of the year, and related increases in holdings or stabilizing stock prices have also benefited a lot. Bank of Ningbo's stock price has increased by more than 20% since Youngor left the company in mid-February of this year in this round of “buying” holdings.
On October 11 of last year, China Central Huijin spent 477 million yuan to increase its holdings of the four major banks of China Construction, Workers and Farmers. According to the data, since the announcement of the increase in holdings, the stock prices of ICBC, Agricultural Bank, Bank of China, and CCB have risen 15.6%, 19.18%, 18.88%, and 14.54% respectively, with an average increase of around 17%.
Bank of Ningbo and Bank of Lanzhou announce completion of shareholders' holdings increase
According to an announcement from the Bank of Ningbo, shareholder Youngor plans to increase its holdings of the company's shares by no less than 20 million shares within 6 months from November 16, 2023, based on an analysis of the company's investment value, and the increase price is not higher than 26.00 yuan/share.
However, the implementation status of the plan to increase its holdings is that from November 16, 2023 to May 16, 2024, Youngor increased its holdings of Bank of Ningbo shares by a total of 42,670,934 shares through centralized bidding transactions, accounting for 0.65% of the total share capital.
According to the announcement, after this increase in holdings, Youngor held a total of 660,360,057 shares in Bank of Ningbo, accounting for 10% of the total share capital. Currently, Youngor is still the third-largest shareholder of Bank of Ningbo.
At the same time, the Bank of Lanzhou also issued an announcement stating that the implementation of measures to stabilize stock prices and the voluntary increase in the bank's shares by some supervisors and other managers has been completed. During this period, the relevant increasing entities increased their holdings of the company's shares by a total of 12,997,500 shares, accounting for 0.2282% of the total share capital.
According to the Bank of Lanzhou's announcement, the company's plan to increase its holdings of the company's shares within 6 months from November 16, 2023 to stabilize the stock price has been completed. The shareholders holding 5% or more of the bank's shares before issuance, such as Lanzhou Finance Bureau, Lanzhou State-owned Investment (Holdings) Construction Group Co., Ltd., Huabang Holding Group Co., Ltd., Lanzhou Tianqing Real Estate Development Co., Ltd., and Gansu Shengda Group Co., Ltd., as well as current directors, current senior managers, some supervisors and other management personnel.
According to the announcement, during the period of the increase in holdings, the total number of shares increased by 12,997,500 shares, accounting for 0.2282% of the total share capital. The cumulative increase in holdings was RMB 3,306.1 million, and the transaction price range was RMB 2.45 to RMB 2.70 per share. After the implementation of this plan to increase their holdings, the above shareholders held a total of 1,773,049,400 shares of Bank of Lanzhou, accounting for 31.13% of the total share capital.
The valuation of the banking sector has increased, and related holdings increasing entities have generally benefited
A Financial Services Association reporter noticed that the Bank of Ningbo announced that Youngor's holdings increase in this round were actually all bought before mid-February.
On December 1, 2023, the Bank of Ningbo issued an announcement. According to the holdings increase plan, Youngor successively increased its A-share holdings by 5.7308 million shares, 5.6796 million shares, 6.3792 million shares, and 4.165,800 shares through the Shenzhen Stock Exchange trading system from November 27, 2023 to November 30, 2023. The total number of shares mentioned above was 21.955,400.
On February 20 this year, the Bank of Ningbo issued another announcement. Halfway through the current shareholding plan, Youngor increased its shareholding by 42,670,934 shares through centralized bidding transactions, accounting for 0.65% of the company's total share capital. According to the announcement, as of February 16, 2024, Youngor has held 660,360,057 shares of Bank of Ningbo, accounting for 10.00% of the total share capital. Since then, as of this announcement, Youngor has not increased its holdings.
According to Flush data, as of the close of May 16, Bank of Ningbo's stock price increased by 28.54% during the year. Among them, since February 16, Bank of Ningbo's stock price has increased by a cumulative total of 24.34%.
According to information, since the second half of last year, the continued slump in stock prices in the banking sector has frequently triggered stable stock prices, and many listed banks have received increased holdings from major shareholders and controlling shareholders. Since the beginning of the year, bank stocks have been favored by market capital due to high dividend rates, and the sector has clearly rebounded steadily. According to Flush data, by the close of trading on the 16th, the bank index had risen close to 20% during the year.