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Maoye International Sells Stake in Shengjing Bank for RMB 123.98 Million

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Maoye International Sells Stake in Shengjing Bank for RMB 123.98 Million

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Maoye International Holdings ( (HK:0848) ) has shared an update.

Maoye International Holdings Limited has announced that its indirect wholly-owned subsidiary, Taiyuan Maoye, has accepted a domestic share offer for its 85,500,000 shares in Shengjing Bank at RMB 1.45 per share, totaling approximately RMB 123,975,000. This transaction, classified as a discloseable transaction under the Listing Rules, will result in Maoye International Holdings ceasing to have any interest in Shengjing Bank, potentially impacting its investment portfolio and financial positioning.

More about Maoye International Holdings

Maoye International Holdings Limited is a company incorporated in the Cayman Islands, primarily involved in investment holdings. It operates through its subsidiaries, focusing on various financial and investment activities.

Average Trading Volume: 1,229,989

Current Market Cap: HK$642.5M

Find detailed analytics on 0848 stock on TipRanks’ Stock Analysis page.

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