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Postal Savings Bank of China: 5.4 billion shares of non-publicly issued A-shares with trading restrictions will be listed for circulation on March 25
On March 18, the Postal Savings Bank of China announced that, according to the approval from the China Securities Regulatory Commission for the non-public issuance of shares by China Postal Savings Bank Co., Ltd. (Approval No. Zhen Jian Xu Ke [2021] No. 751), the bank will issue 5,405,405,405 A-shares to its controlling shareholder, China Post Group Corporation (hereinafter referred to as Postal Group).
After this non-public issuance, the total share capital of the Postal Savings Bank will increase to 92,383,967,605 shares. The shares issued in this non-public offering were registered, deposited, and restricted for trading on March 25, 2021, at the Shanghai branch of China Securities Depository and Clearing Corporation Limited. The lock-up period is five years, and the shares will be fully unlocked and tradable on March 25, 2026.