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Postal Savings Bank of China Co., Ltd. Class H ( (HK:1658) ) has shared an announcement.
Postal Savings Bank of China Co., Ltd. has announced a significant increase in its registered capital following the issuance of A Shares, raising RMB130 billion to bolster its core tier 1 capital. The bank also plans amendments to its Articles of Association and proposes the dissolution of its Board of Supervisors, transferring its duties to the Audit Committee, which reflects a strategic move to streamline governance in line with regulatory reforms.
The most recent analyst rating on (HK:1658) stock is a Hold with a HK$5.30 price target. To see the full list of analyst forecasts on Postal Savings Bank of China Co., Ltd. Class H stock, see the HK:1658 Stock Forecast page.
More about Postal Savings Bank of China Co., Ltd. Class H
Postal Savings Bank of China Co., Ltd. is a financial institution in China that provides banking services. It focuses on offering savings and loan products to individuals and businesses, playing a significant role in the Chinese banking sector.
Average Trading Volume: 47,447,031
Technical Sentiment Signal: Buy
Current Market Cap: HK$614.5B
Learn more about 1658 stock on TipRanks’ Stock Analysis page.