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
Dec 24, 2025

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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