Core Viewpoint - Weihai Bank (09677) aims to enhance its capital adequacy ratio to meet regulatory requirements and support steady business growth by proposing the issuance of up to 758,020,103 domestic shares and up to 153,834,000 H-shares by July 31, 2025 [1] Group 1: Capital Raising Details - The net proceeds from the issuance, after deducting related expenses, will be used entirely to supplement the bank's core tier one capital [1] - The proposed issuance price for both domestic and H-shares is set at RMB 3.29 per share, considering shareholder interests, investor acceptance, and market conditions [1] - The domestic share issuance is expected to raise up to RMB 2,493,886,139, while the H-share issuance is projected to raise up to RMB 506,113,860 [1] Group 2: Shareholder Involvement - The potential subscribers for the domestic shares may include Shandong Hi-Speed Group (600350) and its subsidiaries, which are the bank's controlling and major shareholders [1] - Weihai Bank is currently negotiating the specific terms of the subscription for domestic shares with Shandong Hi-Speed Group and Shandong Hi-Speed [1] - The subscription terms, including the number of shares and subscription price, will be determined based on the subscription agreement to be signed at that time [1]
威海银行拟发行不超过约7.58亿股内资股及1.54亿股H股 募资近30亿元