Changjiang & Jinggong Steel Building Co., Ltd completed the acquisition of a 4.15% stake in Bank of Ruifeng.
Changjiang & Jinggong Steel Building (Group) Co., Ltd (SHSE:600496) completed the acquisition of a 4.15% stake in Bank of Ruifeng on December 16, 2016. Under the terms of the transaction, offer per share is CNY 5.717. As of December 31, 2015, Ruifeng Bank reported audited total assets of CNY 86.26 billion and audited net profit of CNY 879.68 million.