Weihai Bank (09677.HK) plans to issue no more than 150 million H shares to Tianjin Union Group at a premium of about 17.97%.

Finance news from zhitong, Weihai Bank (09677.HK) announced that on December 21, 2025, the bank entered into an H-share subscription agreement with Jinlian Group. It plans to issue up to 150 million H-shares to Jinlian Group at a subscription price of 3.29 yuan per H-share. This represents a premium of approximately 17.97% over the closing price of 3.06 Hong Kong dollars per H-share on the Hong Kong Stock Exchange on the date of this announcement, with a total cash consideration not exceeding 493.5 million yuan. The net proceeds from the fundraising will be used to supplement the bank's core Tier 1 capital.