Bank of Zhengzhou (06196) plans to acquire Yanling Zhengyincun Bank to set up a branch

According to the Zhitong Finance App, Bank of Zhengzhou (06196) announced that prior to this acquisition, the bank held 34.95 million shares of Yanling Zhengyincun Bank, with a shareholding ratio of 49.58%. The bank plans to acquire Yanling Zheng Yincun Town Bank shares held by other shareholders of Yanling Zheng Yincun Town Bank in cash (these shareholders hold a total of 35.545 million shares, with a total shareholding ratio of 50.42%). At the same time, the bank will transform Yanling Zheng Yincun Town Bank into a branch office of the bank through absorption and merger. The bank will pay consideration for the share purchase transaction to the shareholders of Yanling Zheng Yincun Town Bank in accordance with the share purchase agreement signed with the other shareholders of Yanling Zheng Yincun Town Bank; for other shareholders of Yanling Zheng Yincun Town Bank that have not signed the share acquisition agreement, the bank will pay such shareholders the consideration for the absorption and merger transaction in accordance with the absorption and merger agreement signed by the bank with Yanling Zheng Yincun Town Bank. After the acquisition is completed, the bank will inherit the assets, liabilities, business, personnel and all other rights and obligations of Yanling Zheng Yincun Town Bank; Yanling Zheng Yincun Town Bank will be dissolved due to the merger, and the status of legal entity will be cancelled.