Core Viewpoint - Luzhou Bank's planned capital increase of approximately HKD 1.8 billion has been abruptly halted due to shareholder objections, impacting its refinancing efforts [1][4] Group 1: Capital Increase Plan - Luzhou Bank intended to issue up to 1 billion new H-shares to raise no less than HKD 1.85 billion, with a board meeting scheduled for June 30 to discuss this plan [1][3] - The bank's decision to pause the capital increase was made after receiving feedback from shareholders, indicating a divergence of opinions among them [4][6] - The proposed issuance price of HKD 1.85 per share is significantly lower than the bank's net asset value and current market price, which may have contributed to the objections [1][7] Group 2: Financial Performance - For the year ending 2024, Luzhou Bank reported a revenue of CNY 5.209 billion, a year-on-year increase of 9.2%, and a net profit of CNY 1.276 billion, up 28.31% [8] - The bank's total assets approached CNY 171 billion, with net customer loans of CNY 98.585 billion, reflecting growth rates of 8.48% and 11.44%, respectively [8] Group 3: Capital Adequacy - As of the end of 2024, Luzhou Bank's core Tier 1 capital adequacy ratio stood at 8.27%, with total capital adequacy at 13.12% [2][8] - The bank has issued perpetual bonds worth CNY 6 billion and plans to issue an additional CNY 18 billion to bolster its capital base [8] Group 4: Loan Quality - Luzhou Bank's non-performing loan ratio was 1.19%, a decrease of 0.16 percentage points from the previous year, but the proportion of loans under watch increased from 1.28% to 2.1% [9] - The bank's top ten watch loans totaled CNY 1.942 billion, heavily concentrated in the real estate and construction sectors, indicating potential risks [9]
泸州银行18亿港元定增遇阻暂缓 “破净”55%发行遭股东异议