Transaction Price of 120 Million Yuan: Jiangsu Rural Commercial United Bank Acquires 3% Equity Stake in Hai'an Rural Commercial Bank

People’s Financial News, March 16 — According to information from JD.com’s auction platform, Jiangsu Haian Rural Commercial Bank’s 30 million shares (accounting for 3% of the total share capital) were completed in a transaction on March 10, ultimately won by Jiangsu Rural Commercial Bank United Bank for 120 million yuan. This transaction is the bank’s second recent participation in the auction of Haian Rural Commercial Bank’s shares. Earlier, at the end of February, Jiangsu Rural Commercial Bank United Bank had purchased 9 million shares of Haian Rural Commercial Bank for 36 million yuan. Through these two share auctions, Jiangsu Rural Commercial Bank United Bank has spent a total of 156 million yuan, acquiring a total of 39 million shares of Haian Rural Commercial Bank, accounting for 3.9% of its total share capital.

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