WEIHAI BANK (09677) Plans to Issue Up to 327.99 Million Domestic Shares to Caixin Assets, Raising Up to RMB 1.08 Billion

Stock News

2025/12/24

WEIHAI BANK (09677) announced on December 24, 2025, that it has entered into a domestic share subscription agreement with Caixin Assets. The bank intends to issue up to 327,989,709 domestic shares to Caixin Assets at a subscription price of RMB 3.29 per share, with a total cash consideration not exceeding RMB 1,079,086,143. The net proceeds from the issuance, after deducting related expenses, will be entirely allocated to replenish the bank's core tier-1 capital.

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The bank intends to issue up to 327,989,709 domestic shares to Caixin Assets at a subscription price of RMB 3.29 per share, with a total cash consideration not exceeding RMB 1,079,086,143. 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