Wuxi Rural Commercial Bank Co.,Ltd acquired additional 9% stake in Taizhou Jiangyan Xizhou County Bank Co., Ltd.
February 31, 2024
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Wuxi Rural Commercial Bank Co.,Ltd (SHSE:600908) acquired additional 9% stake in Taizhou Jiangyan Xizhou County Bank Co., Ltd. on August 25, 2023. The transaction was approved by the Board of Directors of Wuxi Rural Commercial Bank and National Administration of Financial Regulation Jiangsu Supervision Bureau.
Wuxi Rural Commercial Bank Co.,Ltd (SHSE:600908) completed the acquisition of additional 9% stake in Taizhou Jiangyan Xizhou County Bank Co., Ltd. on February 1, 2024.
Wuxi Rural Commercial Bank Co., Ltd. is a China-based regional commercial bank principally involved in banking and related financial business. The Bank operates three business segments. Corporate segment provides services to public clients, including public loans, open bills, trade finance, public deposits and remittances. Personal segment provides banking services to individual customers, including retail loan, savings deposit, credit card and remittance businesses. Treasury segment includes transactional financial instruments, bond investments, repurchase and resale bonds, as well as interbank lending. The Bank operates its businesses primarily in Wuxi and other regions of Jiangsu, China.
WUXI RURAL COMMERCIAL BANK CO.,LTD 
