New Stock News | Yibin Commercial Bank submits third application to Hong Kong Stock Exchange, significant growth in total assets in recent years.
According to the Hong Kong Stock Exchange disclosure on November 7th, Yibin City Commercial Bank Co., Ltd. (Yibin Commercial Bank) submitted an application for listing to the Hong Kong Stock Exchange main board, with ICBC International and China Construction Bank International as its joint sponsors.
New stock news | Yibin Commercial Bank's second filing for additional listing is invalid, making it the second largest city commercial bank in Sichuan Province.
Industrial Bank Co., Ltd. of Yibin City submitted its Hong Kong stock prospectus on March 28, 2024, which expired after 6 months on September 28, with CMB International and ICBC International acting as its joint sponsors at the time of submission.
Yibin Commercial Bank, from Sichuan, submitted an IPO prospectus to be listed in Hong Kong, co-sponsor by CCB and ICBC
YIBIN CITY COMMERCIAL BANK CO., LTD., from Yibin, Sichuan on March 28, 2024. (“Yibin Commercial Bank” for short) submitted a prospectus to the Hong Kong Stock Exchange to be listed on the Hong Kong Main Board. This is another application after its submission expired on June 30, 2023.
Yibin Commercial Bank IPO in Hong Kong: Wuliangye is the largest shareholder, with assets exceeding 80 billion yuan
Wu Wenting of Leju Finance reported on July 4 that Yibin Commercial Bank Co., Ltd. (hereinafter referred to as “Yibin Commercial Bank”) recently submitted a prospectus on the Hong Kong Stock Exchange. According to Leju Finance's “Pre-Review IPO” prospectus, from 2020 to 2022, Yibin Commercial Bank achieved revenue of 1,374 million yuan, 1,621 million yuan, and 1,867 million yuan respectively; net profit was 315 million yuan, 328 million yuan, and 433 million yuan respectively. The total assets of Yibin Commercial Bank increased 20.4% from 56.888 billion yuan as of December 31, 2020 to 20212
Wuliangye held Yibin Commercial Bank and promoted to the largest shareholder, while Tianfeng Securities retreated to the top five
Too much money? Liquor leaders held on to this bank and promoted to the largest shareholder, while Tianfeng Securities retreated to the top five! These wine companies also joined the “Ai” Bank Wuliangye Group to become the largest shareholder of a local bank! The Yibin Commercial Bank (“Yibin Commercial Bank” for short), located in Sichuan, recently completed industrial and commercial changes, increasing its registered capital from 1,386 billion yuan to 2,822 billion yuan. Among them, through participation in capital increases and transfers, the number of shares held by Wuliangye Group increased to 564 million shares, accounting for 19.99% of the bank's total share capital, and was promoted to the largest shareholder. Prior to that, the bank's largest shareholder was Tianfeng Securities, but it did not participate in this capital increase.
Wuliangye Group will become the largest shareholder of Yibin Commercial Bank, holding 19.99% of the shares
On November 23, the Sichuan Banking Insurance Regulatory Commission's “Approval of Shareholder Status of Yibin Commercial Bank Co., Ltd., Sichuan Yibin Wuliangye Group Co., Ltd.” showed that it agreed that Wuliangye Group would increase its holdings of Yibin Commercial Bank by 152 million shares and agreed that Wuliangye Group would transfer 230 million shares of Yibin Commercial Bank. After the increase in holdings and the transfer, Wuliangye Group held a total of 564 million shares of Yibin Commercial Bank, accounting for 19.99% of the total share capital of Yibin Commercial Bank after completing this capital increase and share expansion. (Excited)
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