OCI International Holdings Limited (SEHK:329) entered into a non-legally binding letter of intent to acquire 14.23% stake in Huishang Bank Corporation Limited (SEHK:3698) from Zhongjing Xinhua Property Management (Hong Kong) Co., Limited on July 2, 2021. As per the terms of the transaction, OCI International Holdings Limited will acquire 1.9 billion shares in Huishang Bank Corporation Limited. The letter of intent shall expire within six months from the signing of the transaction.