Qingdao Bank (03866.HK) shareholder Guoxin Financial Holding Group intends to increase its holdings by 2.33 billion to 2.91 billion shares.

The Zhitong Finance APP reported that Qingdao Bank (03866.HK) announced that the bank recently received a notice from its major shareholder Qingdao Guoxin Industrial Finance Holding (Group) Co., Ltd., stating that they plan to increase their shareholding in the bank through secondary market transactions. After the increase, the total shareholding of Guoxin Industrial Finance Holding and its concerted actors will reach between 19.00% and 19.99%. The implementation period of this increase plan is within 6 months from the date of this announcement.