Maoye International Sells Shengjing Bank Shares for RMB124 Million

Reuters

Oct 19

Maoye International Sells Shengjing Bank Shares for RMB124 Million

Maoye International Holdings Limited has disclosed the disposal of its shares in Shengjing Bank, with the aggregate consideration for the transaction amounting to approximately RMB123,975,000. The update references joint announcements and a composite document previously issued regarding the share offer. Taiyuan Maoye Department Store Ltd., an indirectly wholly owned subsidiary of Maoye International, is involved in the domestic share offer. The company stated that the disposal is considered to be in the best interests of the company and its shareholders as a whole.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Maoye International Holdings Limited published the original content used to generate this news brief on October 19, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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