Great Star Technology's acquisition of 101 million MyBank shares approved, becoming ninth-largest shareholder with 1.54% stake

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The Zhejiang Regulatory Bureau of the National Financial Regulatory Administration issued an approval on October 9, agreeing to allow A-share listed company Great Star Technology to acquire 44.6782 million MyBank shares held by Wanxiang Sannong Group and 56.7354 million shares held by Hangzhou Hebo Shi E-Commerce. Upon completion, Great Star Technology will hold 101 million MyBank shares, a 1.54% stake, making it the bank's ninth-largest shareholder. According to an announcement disclosed by Great Star Technology in June this year, the total consideration for this investment in MyBank was approximately 325 million yuan, equivalent to about 3.20 yuan per share. This equity change marks the fourth industrial shareholder introduced by MyBank, following the successive investments by three Zhejiang-based private enterprises in 2025, including Zhejiang Hangmin Industrial Group and Hangzhou Dongheng Petroleum. Great Star Technology is a listed platform actually controlled by Zhejiang business magnate Qiu Jianping. Its subsidiary Hangcha Holdings had previously invested in MyBank with a 4.88% stake. After this latest entry, Qiu Jianping's actual controlled stake within the MyBank system now exceeds 6% in total. As of the end of 2025, MyBank's total assets reached 504.59 billion yuan. For the full year 2025, it achieved operating revenue of 20.563 billion yuan, down 3.52% year-on-year, and net profit of 3.293 billion yuan, up 4.01% year-on-year.

Impact on assets 2

Others▲
Hangzhou Great Star Industrial Co Ltd
002444
▲ PositiveCapitalrelevance

Regulator approved Great Star Technology's acquisition of 101 million MyBank shares for ~325 million yuan, making it MyBank's ninth-largest shareholder.

Off-coverage companies 2

MYbank (Zhejiang E-Commerce Bank Co., Ltd.)i
Private± MixedCapitalrelevance

MyBank gains a new industrial shareholder as Great Star Technology's 1.54% stake acquisition is approved, though the article notes 2025 revenue fell 3.52%.

Hangzhou Dongheng Petroleumi
Private± Mixedrelevance