Sichuan Bank approved the acquisition of Dujiangyan Jindu Rural Bank and the establishment of branch offices

On July 7, the Sichuan Financial Regulatory Bureau issued an approval, agreeing that Sichuan Bank acquires Dujiangyan Jindu Rural Town Bank Co., Ltd. and establishes the Chengdu Dujiangyan branches of Sichuan Bank Co., Ltd.: the Puanyang Sub-branch, Qingchengshan Sub-branch, Juyuan Sub-branch, Gaoqiao Sub-branch, Shiyang Sub-branch, Xinxing Sub-branch, Zhongxing Sub-branch, and Jingwen Guangchang Sub-branch. The branches will take over the assets, liabilities, businesses, and employees of Dujiangyan Jindu Rural Town Bank Co., Ltd. after the completion of asset and liability clean-up and capital verification.

The approval requires that Sichuan Bank strictly handle the acquisition in accordance with relevant laws and regulations, and urge Dujiangyan Jindu Rural Town Bank Co., Ltd. to complete the related matters regarding the termination of its legal entity; after the preparatory work for the above sub-branches is completed, it shall, in accordance with relevant rules and procedures, apply to the bureau for a business opening; it shall take effective measures to ensure that all work proceeds safely and smoothly.

(National Financial Regulatory Administration)

(Editor: Qian Xiaorui)

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