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Postal Savings Bank of China seeks US$8.2b in HK IPO

Hong Kong

STATE-OWNED Postal Savings Bank of China (PSBC) plans to raise up to US$8.2 billion in a Hong Kong initial public offering (IPO) and will start taking orders from investors next week after it set a price range for the deal, IFR reported on Friday.

PSBC plans to sell 12.2...

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