Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
Ant Group's Zhejiang E-Commerce Bank Introduces 3 New Shareholders for 1st Time w/ Shareholding Ratio of <5% Each
Recommend 7 Positive 10 Negative 8 |
||||
|
||||
|
The annual report of Zhejiang E-Commerce Bank (MYBank), one of China's first batch of private banks established by Ant Group, shows that the bank introduced three new shareholders last year through equity transfers, namely Hangcha Holding, Hangmin Group and Dongheng Petroleum, with respective shareholding ratio of 4.88%, 2% and 0.5% each. All three new shareholders are private enterprises based in Zhejiang. Bringing in new shareholders will further enrich its shareholder structure, enhance the effectiveness of corporate governance, and bring valuable industry resources and synergies in areas such as inclusive financing services and risk management, MYBank responded by saying. Auto-translated by AI AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
