Hubei Consumer Finance approved to increase capital to 940 million yuan

On May 14, the Hubei Regulatory Bureau of the China Banking and Insurance Regulatory Commission (CBIRC) issued a reply saying that it approved Hubei Consumer Finance Company to adjust the scale of new share issuance, and its registered capital was changed from 500 million yuan to 940 million yuan.

On May 14, the Hubei Regulatory Bureau of the China Banking and Insurance Regulatory Commission (CBIRC) issued a reply saying that it approved Hubei Consumer Finance Company to adjust the scale of new share issuance, and its registered capital was changed from 500 million yuan to 940 million yuan.

After the capital increase, the shareholders of Hubei Consumer Finance hold the following proportions:

Major shareholder Hubei Bank Corporation holds 31.91% of the shares;

Xinjiang Teyishu Information Technology Co., Ltd., a wholly-owned subsidiary of Jiufu Hujin Holding Group, became the second largest shareholder of Hubei Consumer Finance, holding 24.47% of the shares;

Yusys Technologies holds 12.77% of its shares;

TCL Group and Wind Information Technology both hold 10.64% of the shares;

WuHan Selline Group and Wuhan Department Store Group both hold 4.79%.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/15/hubei-consumer-finance-approved-to-increase-capital-to-940-million-yuan/.

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