MAOYE INT'L's subsidiary Taiyuan MAOYE has accepted the domestic share offer for its 85.5 million shares of SHENGJINGBANK
MAOYE INT'L's wholly-owned subsidiary Taiyuan MAOYE has accepted an offer for domestic shares, involving 85.5 million shares of SHENGJINGBANK, at a price of RMB 1.45 per share, totaling approximately RMB 124 million. This sale is part of the domestic share offer, aimed at providing funding for the company, and the offer is considered fair and reasonable
According to the Zhitong Finance APP, MAOYE INT'L (00848) announced that on October 17, 2025, its indirect wholly-owned subsidiary Taiyuan MAOYE has accepted the domestic share offer for its 85.5 million shares of SHENGJINGBANK (02066) at a price of RMB 1.45 per target share. The total consideration to be received by Taiyuan MAOYE is approximately RMB 124 million.
The sale is part of the domestic share offer made to all independent domestic shareholders (including Taiyuan MAOYE). According to the independent financial advisor's letter contained in the comprehensive documents, both the offer price and the share offer are fair and reasonable for independent domestic shareholders. Therefore, the company believes that the share offer presents a good opportunity for the group to monetize its investments and obtain funds to support its business, especially since domestic shares are unlisted and domestic shareholders have no other public market to buy and sell domestic shares
