The Ningxia Financial Regulatory Authority issued an official approval on August 31, allowing Ningxia Huimin Investment and Financing Co., Ltd. to acquire a total of 169 million shares in Ningxia Huanghe Rural Commercial Bank. These shares were previously held by five other rural commercial banks in the region, including Pingluo Rural Commercial Bank, Shizuishan Rural Commercial Bank, Huinong Rural Commercial Bank, Helan Rural Commercial Bank, and Lingwu Rural Commercial Bank.
Following the transaction, Ningxia Huimin Investment and Financing will hold a combined 404 million shares in Ningxia Huanghe Rural Commercial Bank, representing a 21.84% ownership stake. The regulatory clearance marks a significant step in consolidating the bank's shareholder structure, with the investment firm increasing its influence as the largest single shareholder after the share transfer is completed.