Core Viewpoint - Weihai Bank has announced a subscription agreement with Tianjin Lian Group to issue up to 150 million H-shares, with the net proceeds aimed at supplementing the bank's core Tier 1 capital [1] Group 1: Share Issuance Details - The subscription price for the H-shares is set at RMB 3.29 per share, representing a premium of approximately 17.97% over the closing price of HKD 3.06 on the Hong Kong Stock Exchange on the announcement date [2] - The total cash consideration for the H-shares is expected to be no more than RMB 493.5 million [2] - The proposed issuance of H-shares accounts for about 15.3% of the total H-shares outstanding prior to the issuance [3] Group 2: Capital Adequacy Concerns - As of the end of Q3 this year, Weihai Bank's core Tier 1 capital adequacy ratio stood at 8.02%, which is close to the regulatory minimum requirement of 7.5% as per the "Commercial Bank Capital Management Measures" [2] - The bank's core Tier 1 capital adequacy ratio was reported at 9.31% at the end of last year, indicating a significant decline and an urgent need for capital replenishment [2] Group 3: Previous Issuance Plans - Earlier in July, the bank's board approved a plan to issue up to 760 million domestic shares and up to 150 million H-shares, with the domestic shares expected to raise no more than RMB 2.49 billion [2] - The domestic shares issuance is aimed at existing domestic state-owned shareholders, including Shandong High-speed Group, which plans to participate in the subscription according to its current shareholding ratio [2] Group 4: Investor Background - Tianjin Lian Group, which is under the Tianjin State-owned Assets Supervision and Administration Commission, has been involved in cross-border capital operations and resource integration, and became one of the top ten shareholders of Weihai Bank last year [4]
时隔近5个月威海银行H股定增对象终敲定 核心一级资本充足率连降接近监管红线