Bank brings in 10 strategic investors to augment capital ahead of possible public float Postal Savings Bank of China Corp Ltd, the sixth-largest commercial lender in China by assets, said on Wednesday that the China Banking Regulatory Commission has approved the bank's plan to raise as much as 45.1 billion yuan ($7 billion) from 10 strategic foreign and domestic investors ahead of a possible initial public offering. The lender said it will sell a 16.92 percent stake to a group of investors, ranging from global financial institutions to domestic...
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