According to the Zhitong Finance App, Daxing Bank Group (02356.HK) issued an announcement. On November 26, 2024, Daxing Bank (a wholly-owned subsidiary of the company) signed a trading agreement with Daxing Financial. Daxing Financial has agreed to sell, while Daxing Bank has agreed to acquire all of Ruihong Bank's issued share capital (including this property) at a cost of HK$184 million. As of the date of this announcement (before completion), Ruihong is a wholly-owned subsidiary of Daxin Finance, mainly engaged in property investment and holding this property (sole asset). After completion, Ruihong Bank will become an indirect wholly-owned subsidiary of the company and its financial results will be consolidated into the group's results.

Zhitongcaijing · 11/26 09:17
According to the Zhitong Finance App, Daxing Bank Group (02356.HK) issued an announcement. On November 26, 2024, Daxing Bank (a wholly-owned subsidiary of the company) signed a trading agreement with Daxing Financial. Daxing Financial has agreed to sell, while Daxing Bank has agreed to acquire all of Ruihong Bank's issued share capital (including this property) at a cost of HK$184 million. As of the date of this announcement (before completion), Ruihong is a wholly-owned subsidiary of Daxin Finance, mainly engaged in property investment and holding this property (sole asset). After completion, Ruihong Bank will become an indirect wholly-owned subsidiary of the company and its financial results will be consolidated into the group's results.