Bank of Chengdu shares to see increased stake

Bank of Chengdu (SSE:601838) announced that entities controlled by its actual controller, Chengdu State-owned Assets Supervision and Administration Commission, plan to increase their holdings. Chengdu Industry Investment Holding Group Co., Ltd. and Chengdu Xintianyi Investment Co., Ltd. intend to use their own funds for the purchases. The planned increase will be at a price not exceeding the bank's historical high of CNY 17.59 per share. The entities plan to acquire a combined total of no more than 79,588,706 shares, representing up to 1.878% of the bank's total share capital, and no less than 39,794,353 shares, representing at least 0.939% of the total. The increase is expected to occur over the six months.