providedmore information on EvergrandeReal Estate Group Ltd.'s estimated 10.02 billion Chinese yuanpurchase of moreshares.
TheChinese bank said that the property developer held 577,180,500 H shares inShengjing Bank as of April 29, representing around 9.96% of the bank's totalshare capital. Other shareholders held 5,219,499,700 shares in the bank, or anestimated 90.04% stake as of the same day.
Followingthe acquisition, Evergrande will own 1,578,860,500 shares in Shengjing Bank, or27.24% of thebank's total share capital. Other shareholders will own a stake of about 72.76%,equivalent to 4,217,819,700 shares.
Theshares acquired by Evergrande will include 1,001,680,000 domestic shares and 577,180,500H shares in the bank.
As of April 29, US$1 wasequivalent to 6.48 Chinese yuan.