CHENGDU Dec. 20 (NBD) -- On Dec. 19, China Minsheng Bank Corp., Ltd. (600016) released a simplified report on change in equity. According to the report, Oceanwide International Equity Investment Limited bought 14 million and 120 million H shares of China Minsheng Bank on Dec. 15 and 16, respectively, accounting for 0.038% and 0.331% of the bank's total issued share capital.  

As of Dec. 19, China Oceanwide Holdings Group Co. Ltd., China Oceanwide International Investment Co., Ltd., and Oceanwide International Equity Investment Limited have held 1.824 billion shares of China Minsheng Bank, representing 5% of the bank's total equity.

The report also shows that the three Oceanwide companies are controlled by the same person, namely, the person acting in concert.

Regarding the stake increase, the three investors expressed an optimistic attitude towards China's securities market, and are all buoyant about the bank’s long-term performance. They will increase their stake in the bank over the next 12 months depend on market conditions, with a plan to buy additional 0.1-5% of the bank's total A and H shares issued, respectively.