Core Insights - Nanjing Bank has seen significant share increases from major shareholders, particularly from BNP Paribas, which raised its stake from 16.14% to 17.02% by acquiring 108,093,950 shares [2][3] - The bank's stock price experienced a rebound after a previous decline, with shares trading at 10.46 CNY on September 22 and closing at 11.26 CNY on September 26 [3] Shareholder Activity - BNP Paribas (QFII) increased its holdings from 419,851,157 shares (3.40%) to 527,945,107 shares (4.27%) through concentrated bidding on the Shanghai Stock Exchange [3] - Zijin Trust, a subsidiary of Zijin Group, acquired 56,779,800 shares (0.46%) between July 18 and September 10, raising its total stake from 12.56% to 13.02% [5] - Nanjing Gaoke also increased its holdings by 7,507,700 shares, raising its stake from 8.94% to 9.00% during the period from July 24 to August 4 [5] Context of Share Increases - The increases in shareholding are attributed to the dilution of ownership percentages following the early redemption of "Nanjing Bank Convertible Bonds," which raised the total share count to 12,363,567,245 [5] - Following the bond redemption, major shareholders experienced a decrease in their ownership percentages, prompting them to increase their stakes to maintain or enhance their equity positions [5]
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