Qingdao Haier has adjusted its shareholding structure for Qingdao Bank by subscription

Absrtact: Qingdao Haier has adjusted the shareholding structure of Qingdao Bank by subscription. Qingdao Haier recently issued a notice, the company and its four holding subsidiaries with a company related to the cash subscription to the relevant party Qingdao Bank Limited shares. Among them, Qing Qingdao Haier has adjusted the shareholding structure of Qingdao Bank by subscription. Qingdao Haier recently issued a notice, the company and its four holding subsidiaries with a company related to the cash subscription to the relevant party Qingdao Bank Limited shares. Among them, the Qingdao Haier and its holding subsidiary company intends to subscribe to the Qingdao Bank 142779200.97 shares with the cash, the stock price amount is 514 million yuan; The affiliated party Enterprise Qingdao Haier Tooling Development Co., Ltd. intends to subscribe to 2239523 shares of Qingdao Bank by cash, and the total amount of the shares is 806 220,000 yuan.

It is reported that 2010-2013 Qingdao Bank net profit annual composite growth rate of more than 30%. Before the transaction, Qingdao Bank shares 2,555,977,200 shares, Qingdao Haier holds its 0 6%, Qingdao Haier holding subsidiary total holds the Qingdao Bank 9 39% The shares, Qingdao Haier affiliated party total holds the Qingdao bank 16.65% the shares. In this transaction, the proportion of Qingdao Haier's shareholding rose to 4.49%, holding subsidiaries diluted to 7 86%, the related party was diluted, holding 13.75%. It is noteworthy that the total share of the three shares remained unchanged, still 26.1%, but Qingdao Haier to the Qingdao bank's shareholding concentration, the other two side shareholding ratio was diluted

The announcement shows that as of December 31, 2013, Qingdao Bank total assets of 135.689 billion yuan, net assets of 8.205 billion yuan, 2013 year of Qingdao Bank to achieve operating income of 35 2.5 billion yuan, net profit of 1.142 billion yuan. As of March 31, 2014, Qingdao Bank total assets of 1,393 7.4 billion yuan, net assets of 8.8 billion yuan; 2014 1-March Qingdao Bank realizes operating income 10 7.3 billion yuan, net profit 503 million yuan.

Qingdao Haier said that the related transaction is mainly to improve the capital adequacy ratio of Qingdao Bank, enhance the sustainable development capacity of Qingdao Bank, is conducive to Qingdao bank to make full use of Shandong financial development of good regional environment, deep into the provincial financial markets, to achieve rapid and stable development. At the same time, Qingdao Haier thinks this transaction accords with its development strategy, is advantageous to raise the fund use efficiency and the rate of return, the Qingdao Haier and the Qingdao bank in the supply chain finance, the Household Appliance Consumer Credit service and so on has many cooperation opportunities.