Postal Savings Bank of China Updates Asset Transfer Valuation

Postal Savings Bank of China Co., Ltd. Class H (HK:1658) has released an update.

Postal Savings Bank of China Co., Ltd. has announced adjustments to the appraised value of its beneficial interests in a transfer deal with China Post Capital, valued at approximately RMB51.576 billion. The revisions follow confirmation from the Ministry of Finance, reflecting slight changes in the valuation of various trust beneficial interest units. This update highlights the bank’s strategic financial maneuvers in optimizing asset management.

For further insights into HK:1658 stock, check out TipRanks’ Stock Analysis page.