Zhejiang Youth Investment Group, a subsidiary of real estate company Xinhu Zhongbao’s (600208.SH), will buy 100 million shares in Bank of Jilin at RMB1.8 (US$0.26) each, the Securities Times reported. Bank of Jilin, formerly Changchun Commercial Bank, had RMB83.3 billion (US$12.1 billion) in total assets and RMB4.283 billion (US$622.09 million) in net assets, or RMB1.25 (US$0.18) in earnings per share, as of 30 September 2008. It chalked up RMB773 million (US$112.28 million) in net profit in the first nine months of the year. Jilin Yatai Co (600881.SH) acquired 200 million shares for RMB390 million (US$56.65 million) in November. Changchun is the capital of Jilin province in northeastern China.