CITIC Bank: Share transfer between key shareholders complete

China CITIC Bank Corporation Limited (SSE:601998) has announced the completion of a share transfer between its controlling shareholder, China CITIC Financial Holdings (CITIC 金控), and its concerted parties, Metal Link Limited and Fortune Class Investments Limited. CITIC 金控 acquired 285,186,000 H shares from Metal Link and 10,313,000 H shares from Fortune Class. Following the transfer, CITIC 金控 holds 36,028,393,412 shares, representing 64.79% of CITIC Bank's total share capital, while Metal Link and Fortune Class no longer hold shares in the bank. The transaction does not change the bank's controlling shareholder or ultimate controller. Legal opinions confirmed that CITIC 金控 is eligible for the increased stake and was exempt from general offer requirements.