Bank of Chengdu removes price cap from share purchase plan

Bank of Chengdu announced changes to its shareholding increase plan after the share price consistently exceeded the original maximum of 17.59 yuan per share set in April.

The revised plan eliminates the price limit entirely, allowing state-owned controller Chengdu State-owned Assets Supervision and Administration Commission and two investment entities to buy shares based on market conditions.

The target has shifted from a specific share count to a monetary range of 70,000-140,000 yuan. The implementation period has been extended by six months to 12 months from April 9.

No shares were purchased under the original plan due to the price exceeding the limit.