Year-ender: Major company events in China
chinadaily.com.cn |
Updated: 2019-12-16 06:40
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Postal Savings Bank debuts on Shanghai bourse
Postal Savings Bank of China Co Ltd, the country's largest bank by the number of outlets, launched an initial public offering on the A-share market on Dec 10.
The bank raised at least 28.45 billion yuan and could ultimately bring in 32.71 billion yuan if it chooses to exercise a green shoe option of selling 15 percent more shares within 30 days of the start of trade. Its IPO is the largest debut on the A-share market in the past decade.
The bank's shares opened 1.82 percent higher and closed 2 percent higher at 5.61 yuan on the Shanghai Stock Exchange.
