Zhengzhou Bank: Intends to acquire 49% stake in Junxian Zhengyin Rural Commercial Bank.

date
08/11/2025
Zhengzhou Bank announcement, intends to acquire the shares of Juxian Zhengyin Rural Bank held by other shareholders through cash payment, while transforming Juxian Zhengyin Rural Bank into a branch of the bank through absorption and merger. Before this acquisition, the bank held 51% of the shares of Juxian Zhengyin Rural Bank, totaling 51 million shares. The bank intends to acquire the shares of Juxian Zhengyin Rural Bank held by other shareholders through cash payment. The transaction price for the share acquisition and the absorption and merger will remain consistent, both to be determined based on the assets evaluation report issued by the asset evaluation agency as of June 30, 2025 and approved by the state-owned assets supervision and administration department.