Postal Savings Bank of China reportedly selling stake ahead of IPO

Postal Savings Bank of China reportedly selling stake ahead of IPO

Postal Savings Bank of China (PSBC) is reportedly looking to complete a $8bn deal with a group of private investors ahead of its IPO next year. An article published by the Wall Street Journal today (6 November) said that information about the investment came from “people with direct knowledge of the deal”.

PSBC is working with China International Capital Corp. on the IPO, which will take place in Hong Kong.

PSBC is currently wholly owned by China Post Group Corp, the state-owned postal service, and has almost 490m individual clients (although many of these are small savers from China’s rural community). It operates a network of around 20,000 branches located throughout China.

Relevant Directory Listings

Listing image

KEBA

Since 2001, KePol parcel lockers from innovation leader KEBA ensure easy automating of the first and last mile of parcel logistics processes. First-class quality and outstanding reliability make KePol the world’s best locker solution available. Thanks to its modularity, the flexibility is high and customizing […]

Find out more

Other Directory Listings

News Archive

Advertisement

MER Magazine


The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a a must-read for those who want the inside track on the industry.

 

P&P Poll

Loading

Have letter volumes plateaued in the UK or will they continue to see a decline?

Thank you for voting
You have already voted on this poll!
Please select an option!



Pin It on Pinterest

Share This