BANK OF CHINA(601988) 证券之星·2025-03-30 09:13Core Viewpoint - The announcement details a significant equity change for China Bank, where the Ministry of Finance plans to subscribe to all newly issued A-shares, resulting in a change in the controlling shareholder without triggering a mandatory takeover bid [1][2]. Group 1: Basic Information - The Ministry of Finance intends to subscribe for A-shares at a price of 6.05 yuan per share, which is at least 80% of the average trading price over the previous 20 trading days [1]. - The total subscription amount is set at 165 billion yuan, equating to approximately 27,272,727,272 shares [2]. Group 2: Shareholding Changes - Before the equity change, the controlling shareholder, Central Huijin Investment Ltd., held 188,791,906,533 shares, representing 64.13% of the total share capital [2][3]. - After the issuance, Central Huijin's shareholding will be diluted to 58.69%, while the Ministry of Finance will hold 8.48% of the shares post-issuance [3]. Group 3: Regulatory Approval - The equity change requires approval from the shareholders' meeting, the Financial Regulatory Authority, the Shanghai Stock Exchange, and the China Securities Regulatory Commission before implementation [1][4]. - The completion of the issuance is subject to regulatory uncertainties, and the company has advised investors to be aware of potential risks [1][4].