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Postal Savings Bank of China Co., Ltd. Class H ( (HK:1658) ) has provided an update.
Postal Savings Bank of China Co., Ltd. has received approval from the Shanghai Stock Exchange for its application to issue A Shares to specific subscribers, pending further registration approval from the China Securities Regulatory Commission. This move is part of the bank’s strategic efforts to enhance its capital base and improve its market position, although uncertainties remain regarding the timing and final approval of the issuance.
More about Postal Savings Bank of China Co., Ltd. Class H
Postal Savings Bank of China Co., Ltd. is a joint stock limited liability company incorporated in the People’s Republic of China. It operates in the banking industry, focusing on providing financial services and products, although it is not authorized to conduct banking or deposit-taking business in Hong Kong.
Average Trading Volume: 72,798,499
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$529B
See more data about 1658 stock on TipRanks’ Stock Analysis page.
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