After the three reductions, The Pacific Securities Co.Ltd(601099) life will clear all its shares in Bank Of Hangzhou Co.Ltd(600926) .
On February 21, Bank Of Hangzhou Co.Ltd(600926) announced that due to the needs of its own strategic arrangement and asset allocation, The Pacific Securities Co.Ltd(601099) life plans to reduce its shares in the company within six months after three trading days from the date of the announcement of the reduction plan, with a total of no more than 117 million shares, that is, no more than 1.99% of the total share capital of the bank’s common shares.
As of the disclosure date of the announcement, the total number of Bank Of Hangzhou Co.Ltd(600926) shares held by The Pacific Securities Co.Ltd(601099) life insurance accounted for 1.99% of the total share capital of the company’s common shares. This also means that after the completion of this reduction plan, The Pacific Securities Co.Ltd(601099) life will not be among the shareholders of Bank Of Hangzhou Co.Ltd(600926) .
In addition to this reduction, The Pacific Securities Co.Ltd(601099) life has reduced its Bank Of Hangzhou Co.Ltd(600926) shares twice in the past year. From April 12 to July 28 last year, The Pacific Securities Co.Ltd(601099) life reduced 59.3 million shares of the bank, accounting for 1% of the total share capital; From August 9, 2021 to January 27, 2022, The Pacific Securities Co.Ltd(601099) life reduced 58.05 million shares of the bank, with a reduction ratio of 0.98%.
In addition to The Pacific Securities Co.Ltd(601099) life insurance, Bank Of Hangzhou Co.Ltd(600926) was also reduced by other insurance companies. In May last year, Bank Of Hangzhou Co.Ltd(600926) announced that China Life Insurance Company Limited(601628) planned to reduce part of its shares in the bank through centralized bidding or block trading within six months after three trading days, with a total of no more than 59.302 million shares (including the number), that is, no more than 1% of the total share capital of the bank’s common shares.
As of November 19, 2021, Bank Of Hangzhou Co.Ltd(600926) said that the reduction period of China Life Insurance Company Limited(601628) reduction plan has expired. During the reduction period, China Life Insurance Company Limited(601628) reduced 5589427 shares of the company through centralized bidding, accounting for 0.94% of the total share capital of the company’s common shares. The reduction plan has been implemented and completed.
Tianyancha information shows that Bank Of Hangzhou Co.Ltd(600926) was formerly Hangzhou City cooperative bank; On April 7, 1998, with the approval of the people’s Bank of China, the name of the bank was changed from Hangzhou City cooperative bank to Hangzhou Commercial Bank Co., Ltd. In July 2008, “Hangzhou Commercial Bank Co., Ltd.” was renamed ” Bank Of Hangzhou Co.Ltd(600926) “. In October 2016, Bank Of Hangzhou Co.Ltd(600926) was listed on a shares.
The top five shareholders of the bank are Commonwealth Bank of Australia, Hangzhou Finance Bureau, Red Lion Holding Group Co., Ltd., Hangzhou caikai Investment Group Co., Ltd. and Hangzhou Steam Turbine Co., Ltd., with shareholding ratios of 15.57%, 11.86%, 11.81%, 6.88% and 4.58% respectively.
According to the third quarterly report of Bank Of Hangzhou Co.Ltd(600926) 2021, as of the end of September 2021, the total assets of Bank Of Hangzhou Co.Ltd(600926) were 1330.031 billion yuan. In the first three quarters of 2021, Bank Of Hangzhou Co.Ltd(600926) operating revenue was 22.377 billion yuan, an increase of 19.97% over the same period of last year; The net profit attributable to shareholders of the company was 7.036 billion yuan, an increase of 26.16% over the same period last year.
