Dazhong Financial Holdings (00626) received a premium of about 61.29% from the controlling shareholder, Dazhong Bank, and resumed trading on September 9

Zhitong Finance App News, Dazhong Financial Holdings (00626) and the offender Volkswagen Bank jointly announced that on August 19, 2026, the offeror requested the board of directors to make suggestions to the planned shareholders in order to privatize the company through an agreement arrangement in accordance with section 99 of the Company Law. The cancellation price of each planned share is HK$2.50, which represents a premium of approximately 61.29% over the closing price of HK$1.55 per share reported on the Stock Exchange on the last trading day. The total cash cost payable by the offeror to fully implement the proposed matters under its terms was approximately HK$735 million. The company has applied to the Stock Exchange to resume trading of shares on the Stock Exchange starting at 9:00 a.m. on September 9, 2026.

After the plan comes into effect, all plan shares will be cancelled (and an equal number of new shares will be issued to the offeror and recorded as full payment), and the shares relating to the plan shares will no longer be valid as title documents or certificates thereafter. The company will apply to the Stock Exchange to withdraw the listing status of its shares on the Stock Exchange in accordance with section 6.15 (2) of the listing rules, and such withdrawal will be subject to the effect of the plan.

The offender currently holds approximately 73.23% of the issued shares and is already the controlling shareholder of the company. If the recommendations are successfully implemented, the company will become a wholly-owned subsidiary of the offeror. The offeror believes that the resulting simplified equity structure will further coordinate the interests of the company and the rest of the offender group's companies and provide a more direct framework for the company's operations as part of the offeror group. Privatization will eliminate the costs and administrative burdens associated with maintaining a company's public listing status, and allow resources to be concentrated more directly on its banking operations.

According to reports, the offender is a company incorporated in Malaysia and listed on Bursa Securities (stock code: 1295). The offender is mainly engaged in a full range of commercial banking services and the provision of related financial services. The Offeror Group is mainly engaged in comprehensive commercial banking services, investment banking, financing and Islamic banking services, stock brokerage, provision of related financial services, unit trust fund management and trust unit sales, general insurance underwriting, trust services and investment holdings.