China Zheshang Bank shareholder reduces stake by 0.71%

China Zheshang Bank (SSE:601916) announced that shareholder Shandong International Trust Co., Ltd. has completed a partial reduction of its holdings. Between December 27, 2024, and December 30, 2024, Shandong International Trust decreased its stake by 194,512,594 shares through block trades, representing 0.71% of the bank's total share capital. The shares were sold at prices ranging from RMB 2.86 to RMB 2.88 per share, resulting in total proceeds of RMB 558.9 million. Following the transaction, Shandong International Trust’s holdings in China Zheshang Bank have fallen to 2.09% of the bank's total share capital. The share reduction was in line with a previously disclosed plan announced in December 2024.