JIUTAI RCB plans to sell 78.51% of its equity in HuanShan Huimin Village Bank for 40.4 million yuan
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JIUTAI RCB plans to sell 78.51% of its equity in HuanShan Huimin Village Bank to HuanShan Rural Commercial Bank on June 6, 2025, for a total transaction price of 40.4 million yuan. This sale aligns with the policy of "steadily and orderly advancing the reduction and quality improvement of village and town banks," and is expected to recover investment costs, optimize asset allocation, and reduce management costs
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