Transfer of shares completed between controlling shareholder and concerted parties of CITIC BANK (00998)
China CITIC Bank International Limited (00998) announces that China CITIC Bank Corporation Limited (referred to as "the Bank") has received notification from the controlling shareholder...
CITIC BANK (00998) announced that its controlling shareholder, China CITIC Financial Holdings Limited (referred to as "CITIC Financial Holdings"), notified the bank that on December 12, 2024, CITIC Financial Holdings signed share transfer agreements with its concerted action parties Metal Link Limited (referred to as "Metal Link") and Fortune Class Investments Limited (referred to as "Fortune Class"). CITIC Financial Holdings intends to acquire all 285 million H shares (0.53% of the total share capital at the time of the signing of the share transfer agreements) held by Metal Link and all 10.313 million H shares (0.02% of the total share capital at the time of the signing of the share transfer agreements) held by Fortune Class through the agreements (referred to as "this share transfer" or "this equity change").
On February 28, 2025, the bank received a notification from CITIC Financial Holdings that, as confirmed by the H share custodian institution, CITIC Financial Holdings has completed the transfer registration of the 285 million H shares and 10.313 million H shares of the bank acquired from Metal Link and Fortune Class, respectively, on February 27, 2025.
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