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Postal Savings Bank of China prices IPO at low end of expectations

Thursday, September 22, 2016 - 05:50

Hong Kong

STATE-OWNED Postal Savings Bank of China (PSBC) priced its Hong Kong initial public offering near the bottom of expectations, valuing the deal at US$7.4 billion, IFR reported on Wednesday.

The bank, seeking to bolster its balance sheet and fund future lending growth, had

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