The targeted issuance of the Shangrao Bank has been finalized: 43 local state-owned enterprises have taken all the newly issued shares.

The official website of Shangrao Bank disclosed a report on the targeted issuance situation. The announcement shows that the bank has completed the issuance of 1.244 billion shares, raising a total of 3.867 billion yuan. It has also completed the registration of changes in the registered capital and other procedures, with the total number of shares increasing to 4.436 billion. It is worth mentioning that this issuance was targeted at 43 institutional shareholders, all of which are local state-owned enterprises in Shangrao and other cities and counties in the province. This means that after this capital increase, the proportion of state-owned shares in the bank will increase from 54.16% at the end of 2024 to about 67%. By the end of 2024, the assets of Shangrao Bank reached 263.5 billion yuan, achieving comprehensive coverage of institutions in various districts and cities in Jiangxi Province.