On the evening of April 20, Bank Of Chongqing Co.Ltd(601963) announced that on April 19, the bank received the letter on the change of Bank Of Chongqing Co.Ltd(601963) shares held by the company issued by Chongqing Transportation Financing Guarantee Co., Ltd. (hereinafter referred to as “transportation financing guarantee”), the concerted action of shareholders holding more than 5% of the bank.
According to the announcement, due to the dispute over the loan contract, the transportation financing guarantee applied to the people’s Court of Yuzhong District, Chongqing for deducting about 4052300 shares of the bank held by Chongqing mutual industry (Group) Co., Ltd., accounting for 0.12% of the total shares of the bank. This part of the shares held by the transportation financing guarantee are obtained through non transaction transfer due to judicial enforcement, not traded in the secondary market and not for the purpose of long-term holding.
The transportation financing guarantee is the person acting in concert of Chongqing Yufu capital operation group Co., Ltd. (hereinafter referred to as “Chongqing Yufu”), a shareholder holding more than 5% of the bank’s shares. According to its description, from February 16 to March 2, 2022, the transportation financing guarantee reduced its holdings of about 4052300 shares of the bank through centralized bidding transaction based on the consideration of disposing of counter collateral and recovering operating funds, After this reduction, the transportation financing guarantee will no longer hold any shares in the bank.
The announcement pointed out that due to employees’ negligence and lack of familiarity with legal rules, the transportation financing guarantee did not disclose the reduction plan and progress before and during the reduction, nor did it timely notify Chongqing Yufu and the Bank of the reduction and make an announcement. The above acts constituted illegal reduction.
It is reported that Article 13 of the detailed rules for the implementation of share reduction by shareholders, directors, supervisors and senior managers of Listed Companies in Shanghai Stock Exchange stipulates: “if major shareholders and directors, supervisors and senior managers reduce their shares through centralized bidding trading, they shall report to the exchange for filing and announcing the reduction plan 15 trading days before the first sale of shares.”
The announcement pointed out that the transportation financing guarantee has deeply reflected on the illegal reduction of shares, and sincerely apologized for the negative impact on the bank, Chongqing Yufu and all shareholders. The transportation financing guarantee commitment will strengthen the study of relevant laws, regulations and normative documents, strengthen management, strengthen the prior communication with Chongqing Yufu and the office of the board of directors of the bank, abide by the commitment and resolutely prevent the recurrence of such events.
