Postal Savings Bank of China to secure new capital amid growth
** Postal Savings Bank of China (SSE:601658) plans to raise up to CNY 130 billion by issuing new A-shares, to be used to reinforce its core tier-one capital and support future growth. The strategic investors will be the People's Republic of China's Ministry of Finance, China Mobile Communications Group, and China Shipbuilding Group. The bank announced in its 2024 annual report that it will propose a cash dividend payment for 2024 of CNY 1.139 per 10 shares to all shareholders.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
Supplementary Source Documents
News Alerts
Get instant email alerts when Postal Savings Bank of China publishes news
Free account required • Unsubscribe anytime