On August 31, the Bank of Jiangsu announced that Jiangsu Radio and Television Group Co., Ltd., the seventh largest shareholder of the bank, has increased its stake in the bank by nearly 100 million shares since May 26, 2022, accounting for 0.613% of the total share capital of the bank.
According to the semi-annual report of Jiangsu Bank, Jiangsu Radio and Television is the seventh largest shareholder of Jiangsu Bank.
From May 26, 2022 to August 31, 2023, Jiangsu Radio and Television increased its stake in Jiangsu Bank by centralized bidding through the trading system of the Shanghai Stock Exchange with its own funds.
As the convertible bonds of Jiangsu Bank are in the conversion period, as of the close on August 31, the number of shares held by Jiangsu Radio and Television accounted for 0.613% of the total equity of the bank.
After this increase, Jiangsu Radio and Television holds 551 million shares of the bank, accounting for 3.379% of the bank's total share capital.
Jiangsu Radio and Television said that the increase is based on the recognition of the confidence and growth value of Jiangsu Bank's future development prospects.