Ruifeng Bank announced that the company has completed the payment of a capital increase of RMB 50 million to Shaoxing Hengxin Agricultural Commercial Bank, and the foreign investment transaction has been completed. Previously, the board of directors of the company reviewed and approved the subscription for targeted additional shares of Shaoxing Hengxin Agricultural Commercial Bank, with a total investment of no more than 50 million yuan. It has now been approved by the Shaoxing Supervisory Branch of the State Administration of Financial Supervision and Administration and the China Securities Regulatory Commission.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.