Jiangshan Holdings (00295) issued an announcement. On March 6, 2024, the board of directors decided that after obtaining shareholders' approval, the total price of all 108 million Jinzhou domestic shares held by Jiangshan Yongtai (an indirect wholly-owned subsidiary of the company) (equivalent to about 1.03% of the total number of Jinzhou domestic shares issued on the date of this announcement and about 0.77% of the total issued shares of the Bank of Jinzhou) will accept the domestic stock offer at an offer price of RMB 1.25 per share. $3.4 billion.
Following the completion of the proposed sale, the Group will no longer have any interest in Bank of Jinzhou.