Jiangsu Communications Holding has increased its stake in Bank of Nanjing to 15%. According to a Bank of Nanjing announcement, shareholder Jiangsu Communications Holding, which holds more than 5% of the shares, purchased 122,672,959 shares through centralized competitive bidding from September 23, 2025 to July 17, 2026, representing 0.99% of total share capital. After the purchase, its shareholding rose from 14.01% to 15.00%. Jiangsu Communications Holding stated that the increase was based on recognition of Bank of Nanjing's long-term investment value, and it plans to continue buying no less than 100 million yuan worth of shares over the next 12 months, with no intention to reduce its stake. Bank of Nanjing said this equity change will not lead to a change in controlling shareholder or actual controller, and the company still has no controlling shareholder or actual controller.
Bank of Nanjing Co LtdMajor shareholder increases stake and plans further purchases, signaling confidence in long-term value.
Company is the buyer increasing its stake, but not a listed entity; impact on its own valuation is indirect.