---
title: "ZJOFHC: It is expected that the acquisition of Hangzhou United Bank shares will generate non-recurring income of approximately 130 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/255186908.md"
description: "ZJOFHC announced plans to acquire a portion of the shares of Hangzhou United Rural Commercial Bank through a negotiated transfer, with a total transaction amount of approximately 147 million yuan and 27.0889 million yuan. In addition, the controlling shareholder, Provincial International Trade Group, will also acquire 5.9319% of the shares held by Fuxin Group at a price of 9.7 yuan per share, with a transaction amount of 1.255 billion yuan. It is expected that non-recurring income of approximately 130 million yuan will be generated this year"
datetime: "2025-08-29T11:14:25.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/255186908.md)
  - [en](https://longbridge.com/en/news/255186908.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/255186908.md)
---

# ZJOFHC: It is expected that the acquisition of Hangzhou United Bank shares will generate non-recurring income of approximately 130 million yuan

ZJOFHC announced that the company and its controlling shareholder, Zhejiang International Trade Group Co., Ltd., will acquire part of the shares of Hangzhou United Rural Commercial Bank Co., Ltd. through agreement transfer at a price of RMB 9.7 per share. The transaction amounts are RMB 147 million and RMB 27.0889 million, respectively. In addition, the Provincial International Trade Group will acquire 5.9319% of the shares of Hangzhou United Bank held by Fuxin Group at a price of RMB 9.7 per share, with a transaction amount of RMB 1.255 billion. It is expected that an extraordinary income of approximately RMB 130 million will be generated this year, with the specific amount subject to the annual audit data of the accounting firm. The company holds a total of 3.94% of the shares of Hangzhou United Bank

### Related Stocks

- [600120.CN](https://longbridge.com/en/quote/600120.CN.md)

## Related News & Research

- [Exploring Three Undiscovered Gems in the Middle East Market](https://longbridge.com/en/news/286881831.md)
- [CHINA'S FOREIGN MINISTRY, ON RUSSIA TIES: CHINA EXTENDS VISA FREE POLICY FOR RUSSIA UNTIL DEC 31 2027 (](https://longbridge.com/en/news/287024394.md)
- [Japan Petroleum Association President says U.S. crude is expected to play a key role as a substitute for Middle Eastern supply.](https://longbridge.com/en/news/287010838.md)
- [Justin Wolfers Warns 'Mess' In Middle East Will Continue Through The Midterms, Wonders If Republicans In Congress Will 'Step In' To Save Their Jobs](https://longbridge.com/en/news/286721396.md)
- [‘Broken Sword’ Movie in the Works From Live-Action ‘Beauty and the Beast’ Screenwriter, Story Kitchen (EXCLUSIVE)](https://longbridge.com/en/news/286942996.md)