Huaxia Bank: Shareholders Shougang Group and Beijing Investment Company intend to increase 15.16 yuan/share participation company fixed increase

On August 8, 2022, Huaxia Bank (600015.SH) disclosed the announcement of 20 billion yuan to an announcement.

The affiliate Shougang Group Co., Ltd. (hereinafter referred to as Shougang Group) and Beijing Infrastructure Investment Co., Ltd. (hereinafter referred to as Beijing Investment Company) as shareholders holding A shares of more than 5%of Huaxia Bank, Shougang Group and Jingtou Company Yu Yu On August 1, 2022, the "Reimbuilding Form" was issued to Huaxia Bank, which intended to subscribe for the amount of A -share shares issued by Huaxia Bank of 5 billion yuan and RMB 3 billion in non -public issuance.

At the same time, the decision announcement from the board of directors disclosed on August 8th can be seen that the current increasing increasing matters of the Huaxia Bank as a related party of Huaxia Bank as the related parties of Huaxia Bank has been reviewed and approved by the board of directors.

Although Huaxia Bank stated that it has not signed related agreements with Shougang Group and Jingtou Company. However, in terms of the proposed subscription agreement, Shougang Group and Beijing Investment Corporation planned to participate in the fixed increase of Huaxia Bank at a price of 15.16 yuan per share, and this subscription price has been compared to the receiving price of the A -shares of Huaxia Bank on August 8th. 5.06 yuan/share premium is as high as 200%.

It is worth noting that although the phenomenon of "fixed -increase prices and stock prices inverted" is extremely rare in other bank stocks, it has occurred many times for Huaxia Bank.

CHOICE statistics show that since the listing of A shares in 2003, Huaxia Bank has implemented three non -public fixed increases, two of which were subscribed by premiums.

In October 2008, Huaxia Bank completed 11.5.6 to complete a fixed increase of 100 million yuan, and issued a total of 791 million shares to the major shareholders Steel Group, State Grid, and Deutsche Bank, with an additional price of 14.62 yuan. The average price of the secondary market is only 8.26 yuan/share (the same at the same standard).

In January 2019, Huaxia Bank completed a fixed increase of 29.236 billion yuan, issuing a total of 2.565 billion shares to Shougang Group, State Grid British University, and Beijing Investment Corporation, with an additional price of 11.4 yuan/share. At that time 7.56 yuan/share.

In addition, according to the announcement of Huaxia Bank, from January 28 to March 2, 2021, Beijing Investment Corporation increased its holdings of approximately 154 million shares through its own funds through its own funds to reach the bank's total share capital 1%.

During the above period, Huaxia Bank's A -share price is between 6.04 yuan and 6.57 yuan/share. Based on this, it is estimated that Beijing Investment Corporation's holdings will cost about 929 million yuan to 1.011 billion yuan.

Zhejiang Business Securities believes that the premium of state -owned shareholders has increased its confidence, its operations have improved significantly, and the valuation is extremely high.

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