Hunan Yizhang Rural Commercial Bank approved for targeted stock offering, two provincial rural commercial banks will invest in stocks.

According to information from the Hunan Banking and Insurance Regulatory Bureau, the bureau has approved the targeted stock issuance plan of Yizhang Rural Commercial Bank in Hunan. This offering will involve the issuance of 80 million shares, increasing the total share capital to 327.2 million shares. Additionally, the bureau has approved the investment of 65 million shares and 15 million shares by Xingsha Rural Commercial Bank and Shaoshan Rural Commercial Bank respectively in Yizhang Rural Commercial Bank, accounting for 19.87% and 4.58% of the total share capital post targeted stock issuance of the latter.