In this article

Oshidori (0622) buys 100m (4.27%) of H-shares of Shengjing Bank (2066), increasing stake to 12.52% for HK$700m

Company announcement, 20-Oct-2021

As this was a (huge) on-market purchase, Oshidori states that it doesn't know who sold the stock. This follows the partial sale by China Evergrande (3333) on 28-Sep-2021 of domestic shares of the bank to a local government entity, and Oshidori's exit from Evergrande Vehicle (0708) on 30-Sep-2021. Oshidori calls the "opportunity to co-invest with Shengyang Government" in the bank a "silver lining". The H-share class is 26.61% of the bank's shares, so Oshidori's increased equity stake is 3.33%.


Sign up for our free newsletter

Recommend Webb-site to a friend

Copyright & disclaimer, Privacy policy

Back to top