Postal Savings Bank Of China Co.,Ltd. announced on March 18 that, following approval from the China Securities Regulatory Commission, the bank issued 5,405,405,405 A-shares via a non-public offering to its controlling shareholder, China Post Group.
Upon completion of the offering, the bank’s total share capital increased to 92,383,967,605 shares. The shares were registered and placed under a five-year trading restriction on March 25, 2021. These restrictions are set to expire on March 25, 2026, at which point all the shares will become tradable on the market.
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