2021年11月27日

China Merchants Bank: to buy Taizhou Bank 14.8559% equity

News (reporter qi jinzhao) China Merchants Bank announced on the evening of March 19, the company plans to buy Ping An Trust and Ping An Life Insurance combined hold of Taizhou Bank 14.8559% of the equity. As of now, China Merchants Bank has a 10% stake in Taizhou Bank, and will hold 24.8559% of Taizhou Bank if the deal is completed.

China Merchants Bank said that Taizhou Bank is a representative of small and micro finance, the company to increase its equity to help improve the financial service ability of small and micro enterprises, in line with the national policy direction of vigorously developing inclusive finance, support the development of small and micro enterprises; At the same time, Taizhou Bank deeply plowed into the local market, creating a unique small and micro business model, which will not compete with the company. In addition, China Merchants Bank expects that the impact of the transaction amount on the company’s capital adequacy ratio will not exceed 0.05% and will not have a significant impact on the company’s operating results.

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