ZHAOJIN MINING's financial company transferred 68.712 million H shares of WEIHAI BANK to SPIC
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ZHAOJIN MINING announced that the financial company will transfer 68.712 million H shares of WEIHAI BANK to SPIC for HKD 181 million, accounting for approximately 1.15% of its issued share capital. This move complies with the regulations of the China Banking and Insurance Regulatory Commission, which requires the clearance of non-fixed income securities investments by December 31, 2024. The transaction has no impact on the company's consolidated financial statements, and the price is lower than the market price, which the board of directors believes is in the overall interest
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