Viewpoint News:China Minsheng Bank Co., Ltd. disclosed in an announcement on April 8 that the bank recently learned that 1,799,582,618 A shares of Minsheng Bank held by its shareholder Oceanwide Group were waiting to be frozen.
Viewpoint New Media checked the announcement. The basic situation of this share waiting freeze shows that according to the China Securities Depository and Clearing Co., Ltd. Shanghai Branch Equity Judicial Freezing and Judicial Transfer Notice (2022 Si Dong No. 0408-1), due to bond trading disputes, The Beijing Financial Court has frozen the 1,799,582,618 A shares of Minsheng Bank held by Oceanwide Group. The waiting period will be frozen from the date it is converted to a formal freeze until the 36-month period expires. The dividends generated by the above-mentioned stocks waiting to be frozen are also waiting to be frozen.
The above-mentioned stocks waiting to be frozen account for 4.11% of the total share capital of Minsheng Bank.
Minsheng Bank said that the waiting freeze will not lead to changes in the bank’s largest shareholder and its persons acting in concert, and will not have a significant impact on the bank’s daily operations and corporate governance. If the shares waiting to be frozen this time are subject to judicial disposal, the Bank’s largest shareholder and its persons acting in concert will not change.
As of the date of this announcement, Oceanwide Group and its persons acting in concert held 2,554,163,588 unrestricted tradable shares of Minsheng Bank, accounting for 5.83% of the bank’s total share capital, of which 2,550,563,588 were pledged shares, accounting for 2,550,563,588 shares of Oceanwide Group and its persons acting in concert. The proportion of shares held in Minsheng Bank is 99.86%; 1,799,582,618 shares are frozen this time, accounting for 70.46% of the shares held by Oceanwide Group and its concerted parties.