---
title: "NBZB: Plans to sell no more than 63.7578 million shares of Bank Of Xi'An at an opportune time"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/235872192.md"
description: "Ningbo Zhongbai announced that it plans to sell no more than 63.578 million shares of Bank Of Xi'An stock, accounting for 1.43% of the total share capital, within 12 months after the approval of the shareholders' meeting. This transaction does not constitute a related party transaction or a major asset restructuring, and the reduction in holdings is expected to exceed 50% of the most recent audited net profit. The purpose of the reduction is to optimize the asset structure, improve liquidity and efficiency of use, and the specific impact remains uncertain"
datetime: "2025-04-14T12:23:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/235872192.md)
  - [en](https://longbridge.com/en/news/235872192.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/235872192.md)
---

# NBZB: Plans to sell no more than 63.7578 million shares of Bank Of Xi'An at an opportune time

Ningbo Zhongbai announced that the company plans to authorize the management team to sell up to 63.578 million shares of Bank Of Xi'An stock within 12 months from the date of approval by the shareholders' meeting, accounting for 1.43% of its total share capital. This transaction does not constitute a related party transaction or a major asset restructuring, and there is no clear transaction price, which carries uncertainty. The company expects that the proceeds from the reduction will exceed 50% of the most recent audited net profit and will need to be submitted for shareholder approval. The purpose of the reduction is to optimize the asset structure and improve asset liquidity and efficiency, with specific impacts remaining uncertain

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