Postal Savings Bank of China Co., Ltd. Class H ( (HK:1658) ) has shared an update.
China Post Group Corporation Limited, the controlling shareholder of Postal Savings Bank of China, has increased its shareholding in the bank by acquiring an additional 19,910,200 A shares, representing 0.02% of the total issued ordinary shares. This move, part of a broader Shareholding Increase Plan, reflects China Post Group’s confidence in the bank’s long-term investment value and aims to boost investor confidence and protect the interests of smaller investors. The plan will be executed over the next 12 months, with further acquisitions to be made through the Shanghai Stock Exchange using China Post Group’s own funds.
More about Postal Savings Bank of China Co., Ltd. Class H
Postal Savings Bank of China Co., Ltd. operates within the financial services industry, focusing primarily on providing banking services in China. It is a joint stock limited liability company incorporated in the People’s Republic of China and is significantly influenced by its controlling shareholder, China Post Group Corporation Limited.
YTD Price Performance: -1.09%
Average Trading Volume: 70,689,578
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$527.4B
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