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China's Postal Savings Bank seeks up to US$8.1b in HK IPO

This could be world's biggest share sale this year; lender is offering 12.1b shares at HK$4.68 to HK$5.18 apiece

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Postal Savings Bank, ubiquitous in small-town China, joins Bank of Tianjin Co and China Zheshang Bank Co in selling shares in Hong Kong to fund expansion. 

Hong Kong

POSTAL Savings Bank of China Co is seeking as much as US$8.1 billion in a Hong Kong initial public offering (IPO), which could become the world's biggest share sale this year.

The Beijing-based bank is offering 12.1 billion shares at HK$4.68 to HK$5.18 apiece, according

sentifi.com

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