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Industrial bank: Fujian Province increases stake via convertible bonds

May 29, 2025 at 05:02 AM UTCBy FilingReader AI

Industrial Bank (SSE:601166) announced that Fujian Provincial Department of Finance, along with its affiliate Fujian Provincial Financial Investment Limited, now holds 20.57% of the company's common stock, increasing their total holdings via the conversion of "Xingye Convertible Bonds". The Fujian Provincial Department of Finance converted 52,750,000 and 33,686,760 bonds to 237,078,651 and 151,401,168 shares of common stock on May 14th and May 27th of 2025 respectively, at a conversion price of CNY 22.25 per share, which increased their holdings to 841,742,201 shares. Fujian Provincial Financial Investment Limited remains unchanged at 3,511,918,625 shares.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SSE:601166Shanghai Stock Exchange
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