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Postal Savings Bank of China Co., Ltd. Class H ( (HK:1658) ) has provided an announcement.
Postal Savings Bank of China Co., Ltd. announced its plan to issue A Shares to specific subscribers, including the Ministry of Finance, China Mobile Group, and CSSC, aiming to raise RMB130 billion. The proceeds will be used to replenish the bank’s core tier 1 capital, enhancing its financial stability and market position. This strategic move involves entering into equity investment and cooperation agreements, potentially strengthening the bank’s operational capabilities and stakeholder relationships.
More about Postal Savings Bank of China Co., Ltd. Class H
Postal Savings Bank of China Co., Ltd. operates in the financial services industry, focusing on providing banking services in China. It is a joint stock limited liability company incorporated in the People’s Republic of China and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: 8.52%
Average Trading Volume: 67,438,965
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$533B
For an in-depth examination of 1658 stock, go to TipRanks’ Stock Analysis page.