Weihai Bank (09677) Shareholder Transfers HK$197 Million Worth of Shares from Huatai HK to Luhua Securities

Stock News
Jan 09

Hong Kong Exchanges and Clearing Limited's latest data reveals that on January 8, a shareholder of Weihai Bank (09677) transferred shares from Huatai Hong Kong to Luhua Securities, with the transferred shares valued at HK$197 million, accounting for 7.24% of the holdings. Weihai Bank announced that on December 24, 2025, the bank entered into an domestic share subscription agreement with Caixin Asset, under which the bank intends to issue no more than 327,989,709 domestic shares to Caixin Asset 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 this issuance, after deducting related offering expenses, will be entirely used to supplement the bank's core tier 1 capital.

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