Min Xin Holdings Limited on 25 March 2026 disclosed that Xiamen International Bank Co., Ltd. (XIB) has expanded its registered capital from RMB17.05 billion to RMB17.57 billion through the issuance of 520.83 million new shares to Fujian Futou Investment Company Limited, a wholly owned subsidiary of Min Xin’s controlling shareholder, Fujian Investment & Development Group Co., Ltd.
Following the capital injection, Min Xin Holdings’ equity interest in XIB declined from approximately 8.689 % to 8.431 %. Management expects this dilution to translate into a non-cash loss of about HK$10 million, which will be reflected in the consolidated financial statements for the year ending 31 December 2026. The final figure will be determined using audited results for both Min Xin Holdings and XIB for the year ended 31 December 2025.
Despite the reduced stake, Min Xin Holdings considers that it retains significant influence over XIB and will continue to account for the investment using the equity method under HKFRS.
The company stated it will release further updates in accordance with Hong Kong Listing Rules and advised shareholders and potential investors to exercise caution when dealing in its securities.