---
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)
generator: "portal-rs"
---

# 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

- [Foreign worker numbers to stay controlled despite business pressure](https://longbridge.com/en/news/296762549.md)
- [EDM Announces Results of the Annual General Meeting | EDMFF Stock News](https://longbridge.com/en/news/296781083.md)
- [Fast fashion giant Shein valued at up to US$27 billion in Hong Kong IPO](https://longbridge.com/en/news/296723161.md)
- [China Merchants Bank updates financial calendar with interim results press conference webcast details](https://longbridge.com/en/news/296604666.md)
- [PING AN Confident of Better Full-Yr NBV Growth; Overseas Policy Gain Tax Impact Nearly Zero](https://longbridge.com/en/news/296570673.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**