Shengjing Bank gets increased takeover offer as trading resumes

Shenyang Shengjing Financial Holding Investment Group has increased its cash offer for Shengjing Bank's H shares and domestic shares. The H Share Offer Price has been raised to HK$1.60 per H Share, up HK$0.28 from the initial HK$1.32. Concurrently, the Domestic Share Offer Price increased to RMB1.45 per Domestic Share from RMB1.20, equivalent to the new H Share price.

The Final H Share Offer Price of HK$1.60 represents a premium of about 40.35% over the last trading day's closing price of HK$1.14 and a 42.35% premium over the 5-day average closing price of HK$1.12. However, it is a discount of approximately 83.63% to the net asset value per Share as of December 31, 2024. The Offeror will not further increase this Final Offer Price.

Trading in Shengjing Bank's H shares, halted on September 12, 2025, is set to resume at 9:00 a.m. on September 15, 2025. The aggregate cash consideration for the offers, assuming full acceptance, will be approximately HK$3.6 bn for H shares and RMB4.75 bn for domestic shares.