Changjiang & Jinggong Steel Building Co., Ltd won a bid to acquire a 4.2% stake in Bank of Ruifeng for approximately CNY 320 million.

Changjiang & Jinggong Steel Building (Group) Co., Ltd (SHSE:600496) won a bid to acquire a 4.15% stake in Bank of Ruifeng for approximately CNY 320 million on September 21, 2016. Changjiang & Jinggong will acquire 56.4 million shares of Bank of Ruifeng. In September, 2016, the transaction was approved by Board of Directors of Changjiang & Jinggong Steel Building (Group) Co., Ltd.