Postal Savings Bank completes A-share issuance, raising CNY 130bn

Postal Savings Bank of China (HKEX: 1658) announced the successful completion of its A-share issuance to specific subscribers on June 19, 2025. The issuance involved 20,933,977,454 shares priced at CNY 6.21 per share, raising total proceeds of CNY 130 billion. Net proceeds totaled CNY 129,961,940,637.58 after deducting issuance expenses of CNY 38,059,362.42. Subscribers included the Ministry of Finance (MOF) taking the bulk of the shares, China Mobile Group and CSSC. China Post Group remains the controlling shareholder despite the new issuance. The bank intends to use the proceeds to replenish its core tier 1 capital, supporting future business development and enhancing its capacity for sustainable growth. The newly issued shares are subject to selling restrictions.