The Yunnan Financial Regulatory Bureau today granted approvals for multiple village bank equity transfers, authorizing Wuhan Rural Commercial Bank Co., Ltd. to acquire substantial shareholdings from Wuhan Zhongzheng Real Estate Development Co., Ltd. across three financial institutions.
In the first transaction, Wuhan Rural Commercial Bank secured 2.448 million shares of Wenshan Guangnan Changjiang Village Bank. This acquisition elevates the bank's total holdings to 8.874 million shares, expanding its ownership stake from 21% to 29%.
Concurrently, the regulator sanctioned the transfer of 2.4 million shares in Wenshan Yanshan Changjiang Village Bank. Following this transaction, Wuhan Rural Commercial Bank commands 8.7 million shares, similarly increasing its stake to 29% from the previous 21% holding.
The final approval covers 2.4 million shares of Wenshan Qiubei Changjiang Village Bank. Post-transfer, Wuhan Rural Commercial Bank's position strengthens to 8.7 million shares, completing a uniform 8-percentage-point ownership increase across all three institutions.
These strategic acquisitions consolidate Wuhan Rural Commercial Bank's influence in regional banking while reducing Wuhan Zhongzheng Real Estate's financial sector exposure.
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