ICBC will invest up to three billion yuan (436 million U.S. dollars) in a 10.82 percent stake of Bank of Jinzhou through its Financial Asset Investment Co., it said in a statement filed to the Shanghai Stock Exchange on Sunday.

China Cinda Asset Management and China Great Wall Asset Management are also investing. Combined stake taken by these three financial institutions is at least 17.3 percent.

Cinda said in a statement to the Hong Kong Stock Exchange that its wholly owned Cinda Investment Co would invest in a 6.49 percent stake in Bank of Jinzhou, but didn't give the value of the deal.

China Great Wall also said in a statement that it would take a stake in Bank of Jinzhou. It did not reveal the value of the deal or the size of the stake.

ICBC Financial Asset Investment Co. specializes in debt-to-equity swaps. The ICBC said in the statement that the deal will be conducted with the unit's own funds. Adding that the investment is to serve the country's supply-side reform in the financial sector and enhance the bank's capability to serve the real economy.

The Hong Kong-listed Bank of Jinzhou suspended trading in its shares in April, as it was unable to produce a 2018 annual report.

Jinzhou Bank was founded in 1997, and is based in northeast China's Liaoning Province.