On April 20, Bank Of Chongqing Co.Ltd(601963) ( Bank Of Chongqing Co.Ltd(601963) ) announced that the shareholder Chongqing transportation financing guarantee company had repeatedly reduced its holdings of more than 4 million Bank Of Chongqing Co.Ltd(601963) shares since February 16 without prior notice, which had constituted an illegal reduction. As the shareholder of this reduction is the concerted action of Chongqing Yufu, the Bank Of Chongqing Co.Ltd(601963) major shareholder, the market once thought that this was related to the reduction of major shareholders.
In this regard, Bank Of Chongqing Co.Ltd(601963) directors’ office denied. The person said that the reduction was purely a realization of transportation financing and was not interfered by the major shareholder Chongqing Yufu. In fact, Chongqing Yufu has been planning to buy back shares recently and supports Bank Of Chongqing Co.Ltd(601963) convertible bonds very much.
The person said that the transportation financing guarantee is Chongqing yufusun company, which has been consolidated in the annual report after it obtained Bank Of Chongqing Co.Ltd(601963) shares through judicial channels. However, because the transportation financing guarantee is realized assets and the relevant personnel are not familiar with the reduction requirements of listed companies, there are problems. The person said that Bank Of Chongqing Co.Ltd(601963)
Bank Of Chongqing Co.Ltd(601963) directors’ office said that according to the current situation, the reduction of more than 4 million shares of traffic financing guarantee was not malicious and did not make a profit. Therefore, it was negligent operation in nature. In the next step, we will continue to strengthen training and education for relevant personnel to prevent similar incidents.
