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Auction closed! The first private bank in Jiangxi has increased its state-owned shareholding to 59.5%.
The Judicial Auction Online Platform of the China Auction Industry Association shows that Jiangxi Bone Industry Group’s holdings of 590 million shares of Jiangxi Yumin Bank were auctioned off on April 21 on the platform.
In the end, the local state-owned enterprises Nanchang Honggutan Urban Investment Group and Nanchang Water Group each bid for 400 million shares and 190 million shares, with transaction prices of approximately 358 million yuan and 170 million yuan, respectively.
Yumin Bank is Jiangxi’s first private bank. After the completion of the aforementioned share transfer, the bank’s state-owned shareholding ratio will increase to 59.5%.
(People’s Financial News)