Kong Sun Holdings Plans Major Equity Disposal in Hohhot Jingu Bank

Kong Sun Holdings Limited ( (HK:0295) ) has shared an update.

Kong Sun Holdings Limited has announced a major transaction involving the proposed disposal of its unlisted equity investment in Hohhot Jingu Bank. This transaction, if approved by shareholders, will see Kong Sun Yongtai, a subsidiary of the company, sell its 4.88% equity stake back to Hohhot Jingu Bank for approximately RMB142,396,000. The disposal is influenced by a proposed merger involving Hohhot Jingu Bank and other entities to form a new Inner Mongolia rural commercial bank. Following the completion of this transaction, Kong Sun Holdings will no longer hold any interest in Hohhot Jingu Bank.

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Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: €37.29M

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