Is it necessary for sponsors to subscribe for at least 35% of the shares of the company?

In accordance with Article 84 of the Company Law, if a joint stock limited company is established by subscription of shares by the promoters, the shares subscribed by the promoters shall not be less than 35% of the total shares of the company; However, if there are other provisions in laws and administrative regulations, those provisions shall prevail.

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Reply time: 202 1-07-28. Please refer to the latest business changes announced by Ping An Bank in official website.

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