Oshidori (0622) buys 100m (4.27%) of H-shares of Shengjing Bank (2066), increasing stake to 12.52% for HK$700m

As this was a (huge) on-market purchase, Oshidori states that it doesn't know who sold the stock. This follows the partial sale by China Evergrande (3333) on 28-Sep-2021 of domestic shares of the bank to a local government entity, and Oshidori's exit from Evergrande Vehicle (0708) on 30-Sep-2021. Oshidori calls the "opportunity to co-invest with Shengyang Government" in the bank a "silver lining". The H-share class is 26.61% of the bank's shares, so Oshidori's increased equity stake is 3.33%.

Organisations

China Evergrande Group 中國恒大集團
China Evergrande New Energy Vehicle Group Limited 中國恒大新能源汽車集團有限公司
Oshidori International Holdings Limited
Shengjing Bank Co., Ltd. 盛京銀行股份有限公司

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