On the evening of July 18, the Bank of Jiangsu issued a notice that the Bank of Jiangsu Insurance Regulatory Bureau agreed to increase its shares in circulation shares of the bank through the secondary market within six months of the Nanjing Shanghai expressway. The closing price of the previous trading day was 683 yuan, and about 160 million shares were worth nearly 1.1 billion yuan of joint venture capital.
As of the afternoon closing, Bank of Jiangsu rose 2.2 percent, ranking first among 40 A-share listed banks.
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Large shareholders increase their holdings in succession
Bank of Jiangsu officially opened in January, 2007 and was listed on the Shanghai Stock Exchange in August 2016. At present, the bank has 17 branches and four subsidiaries of the bank, including financial leasing company, financial management company of Bank of Jiangsu, consumer finance company of Bank of Jiangsu bank Kaiji and Bank of Suzhou village and town. The service network radiates the Yangtze River Delta, Pearl River Delta and Bohai Sea Rim, with a total of 15000 employees.
The first quarter report shows that the top ten shareholders of the bank include Jiangsu trust, Phoenix Group, Huatai Securities, Wuxi construction investment, Jiangsu Radio and television, etc., accounting for 41.4% of the total shares. Among them, Nanjing Shanghai expressway is the sixth largest shareholder, and by the end of the first quarter, it has nearly 370million shares, accounting for 2.5% of the total equity.
If Nanjing Shanghai Expressway Dingge increased its stake of 160million shares of Bank of Jiangsu, it would surpass Jiangsu Radio and television and become the fifth largest shareholder of the bank. For this increase, there is a stock evaluation: “sit steady, ready to take off” “increase 1.1 billion yuan, opportunity comes.”.
Details of the top ten shareholders of Bank of Jiangsu
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In recent years, Jiangsu bank has been increasing its holdings, including north-to-north funds. For example, Hong Kong Central Clearing Co., Ltd. (land stock exchange) increased its holdings of more than 30 million shares in the bank from January 14 to March 30, from the ninth largest shareholder to the seventh largest shareholder.
From March 15, 2019 to July 2, 2020, Phoenix Group, the second largest shareholder and its concerted actor, increased its holdings of 1.134 billion shares, accounting for 9.824% of the bank’s total equity.
From March 15, 2019 to August 27, 2019, Guoxin group, the consistent action of Jiangsu trust, the bank’s largest shareholder, increased its stake in 116million shares, accounting for 1.0094% of the bank’s total equity. Prior to that, the unanimous action person of the bank’s largest shareholder also increased its stake of 101 million shares between September 5, 2018 and March 14th, 2019.
Share price performance is bright
Since this year, as of July 16, the share price of Bank of Jiangsu has risen by more than 30%, far higher than other banks except bank of Nanjing.