The sale of Bank Of Changsha Co.Ltd(601577) shares held by Macrolink Culturaltainment Development Co.Ltd(000620) oil failed, and nearly 50 million shares were sold in three auctions

Nearly 50 million shares of Bank Of Changsha Co.Ltd(601577) held by Macrolink Culturaltainment Development Co.Ltd(000620) oil were finally not accepted.

On the evening of January 19, Bank Of Changsha Co.Ltd(601577) (sh601577) issued a progress announcement on the judicial sale of shareholders’ shares. The announcement showed that the bank received a notification letter from Hunan Macrolink Culturaltainment Development Co.Ltd(000620) International Petroleum Trading Co., Ltd. (hereinafter referred to as ” Macrolink Culturaltainment Development Co.Ltd(000620) petroleum”) on the same day. According to the results displayed on the judicial auction network platform, the auction target ” Bank Of Changsha Co.Ltd(601577) 47.2779 million shares held by Macrolink Culturaltainment Development Co.Ltd(000620) petroleum” was sold.

It is reported that Bank Of Changsha Co.Ltd(601577) previously announced on November 3, 2021 that 47.2779 million shares of the bank held by Macrolink Culturaltainment Development Co.Ltd(000620) oil will face judicial sale, accounting for 1.18% of the total shares of the bank. As of the announcement date, Macrolink Culturaltainment Development Co.Ltd(000620) oil held 47.2779 million shares of the bank. In other words, the sale was a clearance sale.

It is worth mentioning that the equity has faced two times of auction. Since the second half of this year, nearly 180 million shares of Bank Of Changsha Co.Ltd(601577) held by Macrolink Culturaltainment Development Co.Ltd(000620) have been auctioned successively, with a starting price of more than 1.5 billion. By the end of September, more than 130 million shares had found new buyers, and state-owned enterprises in Hunan and Zhejiang had successively entered the Bureau, while the remaining 47.2779 million shares held by Macrolink Culturaltainment Development Co.Ltd(000620) oil had been ignored and sold twice.

Blue whale finance once learned from Alibaba judicial auction customer service that the auction process of court auction generally has at most three stages. They are the first auction, the second auction and sale. If the final sale fails, the court will not shoot again.

Tianyan check shows that at present, the top four shareholders of Bank Of Changsha Co.Ltd(601577) are Changsha Finance Bureau, Hunan Communication Industry Service Co., Ltd., Hunan Friendship&Apollo Commercial Co.Ltd(002277) and Hunan Xingye Investment Co., Ltd., holding 16.82%, 6.56%, 5.69% and 5.02% respectively.

According to the 2021 annual performance express disclosed by Bank Of Changsha Co.Ltd(601577) , the bank’s annual operating revenue last year was 20.867 billion yuan, a year-on-year increase of 15.78%; The net profit attributable to shareholders of listed companies was 6.304 billion yuan, a year-on-year increase of 18.09%. By the end of last year, the bank’s total assets were 796.151 billion yuan, a year-on-year increase of 13.05%.

In terms of asset quality, at the end of 2021, the bank’s non-performing loan balance was 4.423 billion yuan, with a non-performing loan ratio of 1.20%, a decrease of 0.01 percentage point over the beginning of the year; The provision coverage rate was 297.87%, an increase of 5.19 percentage points over the beginning of the year.

In the secondary market, as of the closing on January 19, Bank Of Changsha Co.Ltd(601577) closed up 0.49% to 8.19 yuan / share.

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