Shandong Expressway: Intends to participate in the capital increase project of Weihai Bank.

date
02/08/2025
Shandong High-speed announced on the evening of July 31 that the company's joint-stock company Weihai Bank plans to issue domestic shares and privately place H shares to specific objects, with a total fund-raising amount of up to 3 billion yuan, to supplement Weihai Bank's core Tier 1 capital. The company intends to participate in this Weihai Bank capital increase project. Specifically, the company plans to subscribe to no more than 106 million domestic shares of Weihai Bank at a price of 3.29 yuan per share, with a total subscription amount not exceeding 348 million yuan. After the investment is completed, the company's ownership of Weihai Bank remains unchanged at 11.6%.