MIN XIN HOLD (00222) Announces Capital Increase and Share Expansion by Xiamen International Bank

Stock News
Mar 25

MIN XIN HOLD (00222) has issued an announcement stating that the company has been informed that the Xiamen Supervision Bureau of the National Financial Regulatory Administration has approved an application by Xiamen International Bank Co., Ltd. to increase its registered capital. The capital increase will be executed through the issuance of 521 million new shares to Fujian Province Investment Development Group Co., Ltd., the controlling shareholder of MIN XIN HOLD, via its wholly-owned subsidiary, Fujian Province Futou Investment Co., Ltd. This share issuance will raise the bank's registered capital from RMB 17.046 billion to RMB 17.567 billion. Xiamen International Bank has completed the industrial and commercial registration changes for this capital increase and is currently finalizing other required procedures. Following the completion of the capital expansion, MIN XIN HOLD's stake in Xiamen International Bank has been diluted from approximately 8.689% to about 8.4314%. The company anticipates recognizing an estimated dilution loss of approximately HKD 10 million in its consolidated financial statements for the period ending December 31, 2026. The actual dilution loss will be calculated based on the group's audited consolidated financial information for the period ending December 31, 2025, and the bank's audited consolidated financial information for the same period, adjusted to align with the group's accounting policies. As of the date of this announcement, the company is still preparing this financial information; therefore, the estimated dilution loss may change once the final figures are obtained.

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