Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd completed the acquisition of 6.05% stake in Jiangsu Taicang Rural Commercial Bank Co.,Ltd.
February 10, 2022
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Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd (SZSE:002839) agreed to acquire 6.05% stake in Jiangsu Taicang Rural Commercial Bank Co.,Ltd. for CNY 280 million on October 22, 2021. As per the transaction, Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd will acquire 66,000,800 shares of Jiangsu Taicang Rural Commercial Bank Co.,Ltd. The transaction is approved by China Banking and Insurance Regulatory Commission.
Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd (SZSE:002839) completed the acquisition of 6.05% stake in Jiangsu Taicang Rural Commercial Bank Co.,Ltd. on October 22, 2021.
Jiangsu Zhangjiagang Rural Commercial Bank Co Ltd is a company mainly engaged in corporate banking and personal banking. The Company operates four segments. Corporate Banking segment provides services to corporate customers, including corporate loans, Bill issuance, trade financing, corporate deposit business and remittance business. Personal Banking segment provides banking services to private customers, including retail loans, savings deposit business, credit card business and remittance business. Capital Business segment includes trading financial instruments, asset management and trust plan investment, bond investment, repurchase and resale business, interbank lending business, etc. Other Businesses segment refer to other businesses that do not form separate segments or cannot be allocated on a reasonable basis.
JIANGSU ZHANGJIAGANG RURAL COMMERCIAL BANK CO., LTD 
