Bank of Jiujiang’s Major Shareholders Signal Support for Planned Domestic Share Issuance

The latest update is out from Bank of Jiujiang Co., Ltd. Class H ( (HK:6190) ).

Bank of Jiujiang has received letters of intent from two major existing shareholders, the Jiujiang Finance Bureau and Industrial Bank, to participate in its planned non-public issuance of domestic shares, with the finance bureau intending to subscribe for up to RMB0.5 billion and Industrial Bank planning to subscribe in proportion to its current 10.34% stake. While the Jiujiang Finance Bureau’s participation will not be treated as a connected transaction under Hong Kong listing rules, Industrial Bank’s subscription constitutes a connected transaction, triggering disclosure, independent shareholder approval, and the appointment of an independent board committee and financial adviser, underscoring that the capital-raising plan and related subscriptions remain conditional on multiple regulatory and shareholder approvals and may not ultimately proceed.

The most recent analyst rating on (HK:6190) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Bank of Jiujiang Co., Ltd. Class H stock, see the HK:6190 Stock Forecast page.

More about Bank of Jiujiang Co., Ltd. Class H

Bank of Jiujiang Co., Ltd. is a mainland Chinese commercial bank, listed in Hong Kong, that focuses on providing a range of banking and financial services through domestic and H-share structures. With a significant shareholding base that includes local government entities such as the Jiujiang Finance Bureau and institutional investors like Industrial Bank, it operates within China’s regulated banking sector and raises capital through both domestic and offshore equity markets.

Average Trading Volume: 33,287

Technical Sentiment Signal: Sell

Current Market Cap: HK$5.1B

For detailed information about 6190 stock, go to TipRanks’ Stock Analysis page.