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Acting quickly! Within less than a month of the board of directors' resolution, Zhejiang Orient Financial Holdings Group acquired 1.65% stake in Hangzhou United Bankshares, with the acquisition target still below half.
①Comparing the 1.65% stake acquired this time with the previously announced acquisition target of approximately 3.94% stake, it can be seen that zhejiang orient financial holdings group's acquisition target this time has only completed less than half; ②Within the year, multiple equity stakes of Hangzhou united bankshares have already landed on various major judicial auction platforms, but the results are not satisfactory; ③ The transfer of equity of regional banks to local state-owned assets can help promote their healthy development, which is a good option.
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zhejiang orient financial holdings group (600120.SH): intends to invest in the acquisition of united bankshares in hangzhou, not more than 3.94% of the shares.
Grandall10th, Zhejiang Orient (600120.SH) announced that in order to further supplement core financial resources, build a comprehensive financial sector ecosystem, enhance core competitiveness and overall strength, the company plans to use its own funds to acquire no more than 3.94% of the shares of Hangzhou United Bank by December 31, 2024, based on evaluation results that do not exceed the criteria regulated by state assets supervision. The acquisition methods include but are not limited to public auctions, agreement transfers, etc. Hangzhou United Bank was founded on June 3, 2005, by the Hangzhou Urban and Rural Credit Cooperative Union and 23 affiliated credit cooperatives, reorganized as a rural credit union, 20
Express News | zhejiang orient financial holdings group: intends to acquire no more than 3.94% stake in united bankshares
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