Bank Of Chongqing Co.Ltd(601963) announced on February 7 that from January 4 to February 7 this year, the closing price of A-Shares of the bank has been lower than the net assets per share for 20 consecutive trading days, reaching the starting conditions for triggering measures to stabilize the stock price. As of the closing of the day, the bank’s A-share price was 8.72 yuan / share, while its adjusted net assets per share in the latest period was 10.91 yuan. It is reported that in July 2021, the bank triggered the starting conditions of measures to stabilize the stock price for the first time.
According to the plan for stabilizing share price, within three years after the issuance of Bank Of Chongqing Co.Ltd(601963) A shares, if the closing price of the bank’s A-Shares for 20 consecutive trading days is lower than the bank’s latest audited net assets per share, under the condition of meeting the relevant provisions of laws, regulations and normative documents on increase or repurchase, The bank and relevant entities will take measures to stabilize the bank’s share price in accordance with the plan.
Bank Of Chongqing Co.Ltd(601963) said that the board of directors of the bank would formulate a specific plan to stabilize the stock price within 10 trading days, that is, before February 21, and implement it after fulfilling the relevant internal decision-making procedures and external approval / filing procedures. According to its first measure to stabilize the stock price launched in August 2021, the bank is jointly increased by the largest shareholder Chongqing Yufu capital operation group Co., Ltd., the current paid non independent directors and senior managers. The way of increase is centralized bidding trading through the trading system of Shanghai Stock Exchange, The increase price shall not be higher than the bank’s latest audited net assets per share.
The bank also announced that it had recently received the relevant notice issued by the CSRC, and its application for administrative license for issuing convertible bonds had been resumed by the CSRC. According to the plan, the bank plans to publicly issue convertible bonds with a total amount of no more than 13 billion yuan (including), with a term of 6 years. After deducting the issuance expenses, all the raised funds will be used to support the healthy development of the bank’s future businesses, and after the convertible bonds are converted into shares, they will be used to supplement the core tier 1 capital in accordance with relevant regulatory requirements.
The latest financial report shows that in the first three quarters of 2021, Bank Of Chongqing Co.Ltd(601963) achieved an operating revenue of 11.188 billion yuan, a year-on-year increase of 13.2%; The net profit attributable to the parent company was 4.069 billion yuan, an increase of 4.6%, and the earnings per share was 1.20 yuan.
