Weihai Bank Plans to Issue Up to 328 Million Domestic Shares to Caixin Assets, Raising Up to 1.079 Billion Yuan

Deep News
Dec 26, 2025

Weihai Bank (09677) announced that on December 24, 2025, the Bank entered into a domestic share subscription agreement with Caixin Assets. Pursuant to the agreement, the Bank intends to issue no more than 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 this issuance, after deducting relevant offering expenses, will be entirely used to replenish the Bank's core tier 1 capital.

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