Bank of Qingdao Discloses Major Shareholder Reduction of 45.71 Million A-Shares

Deep News

07/09

Bank Of Qingdao Co.,Ltd. has issued an announcement regarding a significant reduction in its shareholding by a major stakeholder.

The bank confirmed it received a formal notification from Haier Industrial Development Co., Ltd. regarding the sale of its shares.

The transaction, executed via a block trade on July 8, involved the disposal of 45,710,000 A-shares, representing approximately 0.79% of the bank's total issued share capital.

Following this divestment, Haier Industrial Development's direct holding in Bank Of Qingdao Co.,Ltd. stands at 486,891,341 shares, equating to an 8.37% stake.

When combined with the holdings of its concert parties, the total shareholding controlled by the Haier-related entities amounts to 1,010,168,943 shares, or 17.36% of the bank's total shares.

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