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Postal Savings Bank of China Announced Allotment Results PSBC Received Strong Response in the Global Offering

Date: 2016-09-27

Not for distribution, directly or indirectly, in whole or in part, in or into the United States or to any U.S. person

This press release is not for release, publication, distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia). This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The H Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended from time to time (the “U.S Securities Act”). The securities may not be offered or sold in the United States except pursuant to registration or an exemption from the registration requirements under the U.S. Securities Act. There will be no public offer of securities in the United States. Any offering of securities to be made in the United States will be made solely to qualified institutional buyers as defined in Rule 144A under the U.S. Securities Act pursuant to an exemption from the registration requirements under the U.S. Securities Act and by means of an offering memorandum that may be obtained from Postal Savings Bank of China Co., Ltd. (“PSBC”) and that will contain detailed information about PSBC and management, as well as financial statements. The H Shares are also being offered and sold outside the United States as offshore transactions in accordance with Regulation S under the U.S. Securities Act.

You are cautioned not to place any reliance on the statements contained herein. For information on PSBC or the Global Offering, please refer to the Prospectus of PSBC.

Postal Savings Bank of China Co., Ltd.

中國郵政儲蓄銀行股份有限公司

(A joint stock limited liability company incorporated in the People’s Republic of China)

(Stock Code: 1658.HK)

Postal Savings Bank of China Announced Allotment Results

PSBC Received Strong Response in the Global Offering

(27 September, 2016 - Hong Kong) Postal Savings Bank of China Co., Ltd. (“PSBC”, Stock Code: 1658.HK) today announced the allotment results of the global offering of its H Shares (the “Global Offering”). PSBC’s H Share was priced at HK$4.76 per H Share, exclusive of brokerage of 1%, SFC transaction levy of 0.0027% and Hong Kong Stock Exchange trading fee of 0.005%. Based on the Offer Price of HK$4.76 per H Share, the net proceeds from the Global Offering to be received by PSBC, after deduction of the underwriting commissions and other estimated expenses in connection with the Global Offering and assuming no exercise of the Over-Allotment Option, is estimated to be approximately HK$56,627 million.

The final number of Offer Shares under the Global Offering is 12,106,588,000 H Shares, 95% of which, or 11,501,258,000 H Shares were offered in the International Offering, and the remaining 5%, or 605,330,000 H Shares, were offered in the Hong Kong Public Offering.

A total of 30,990 valid applications have been received pursuant to the Hong Kong Public Offering on WHITE and YELLOW Application Forms, and through giving electronic application instructions to HKSCC via CCASS and through the White Form eIPO Service under the White Form eIPO for a total of 1,575,443,000 Hong Kong Offer Shares, equivalent to approximately 2.60 times of the total number of 605,330,000 Hong Kong Offer Shares initially available for subscription under the Hong Kong Public Offering.

The final number of Offer Shares allocated to the places under the International Offering is 11,501,258,000 Offer Shares, representing approximately 95% of the total number of the Offer Shares under the Global Offering (before the exercise of the Over-allotment Option). An overallocation of the 1,815,988,000 H Shares wasmade in the International Offering.

Pursuant to the Cornerstone Investment Agreements with the Cornerstone Investors, the number of Offer Shares subscribed for by the Cornerstone Investors has now been determined. CSIC Investment One Limited has subscribed for 3,423,340,000 H Shares, Shanghai International Port Group (HK) Co., Limitedhas subscribed for 3,349,490,000 H Shares, Victory Global Group Limited has subscribed for 1,629,579,000 H Shares, State Grid Overseas Investment Limited has subscribed for 483,980,000 H Shares, China Chengtong Holdings Group Limited has subscribed for 244,436,000 H Shares, Great Wall Pan Asia International Investment Co., Limited has subscribed for 162,957,000 H Shares, in all totalling 9,293,782,000 H Shares representing in aggregate approximately 11.51% of the total issued share capital following the completion of the Global Offering; and approximately 76.77% of the number of Offer Shares under the Global Offering, assuming the Over-Allotment Option is not exercised.

Dealings in PSBC’s H Shares on the Main Board of the Stock Exchange of Hong Kong Limited will commence on Wednesday, 28 September 2016 at 9:00 a.m., under the stock code “1658.HK”. The H Shares will be traded in a board lot of 1,000 H Shares.

The Joint Sponsors of the Global Offering are China International Capital Corporation Hong Kong Securities Limited, Morgan Stanley Asia Limited, Merrill Lynch Far East Limited, Goldman Sachs (Asia) L.L.C. and J.P. Morgan Securities (Far East) Limited.

The Sole Financial Advisor is UBS AG Hong Kong Branch.

The Joint Global Coordinators are China International Capital Corporation Hong Kong Securities Limited, UBS AG Hong Kong Branch, Merrill Lynch International, J.P. Morgan Securities (Asia Pacific) Limited, Morgan Stanley Asia Limited, Goldman Sachs (Asia) L.L.C., DBS Asia Capital Limited, China Merchants Securities (HK) Co., Ltd., The Hongkong and Shanghai Banking Corporation Limited and Citigroup Global Markets Asia Limited.

The Joint Bookrunners are China International Capital Corporation Hong Kong Securities Limited, UBS AG Hong Kong Branch, Merrill Lynch International, J.P. Morgan Securities (Asia Pacific) Limited (in relation to the Hong Kong Public Offering only), J.P. Morgan Securities plc (in relation to the International Offering only), Morgan Stanley Asia Limited (in relation to the Hong Kong Public Offering only), Morgan Stanley & Co. International plc (in relation to the International Offering only), Goldman Sachs (Asia) L.L.C., DBS Asia Capital Limited, China Merchants Securities (HK) Co., Ltd., The Hongkong and Shanghai Banking Corporation Limited, Citigroup Global Markets Asia Limited (in relation to the Hong Kong Offering only), Citigroup Global Markets Limited (in relation to the International Offering only), BOCOM International Securities Limited, CCB International Capital Limited, ICBC International Capital Limited, BOCI Asia Limited, Haitong International Securities Company Limited, ABCI Capital Limited, CMB International Capital Limited, First Capital Securities Limited, Sun Hung Kai Investment Services Limited, Essence International Securities (Hong Kong) Limited, China Galaxy International Securities (Hong Kong) Co., Ltd, China Securities (International) Corporate Finance Company Limited, Nomura International (Hong Kong) Limited, Deutsche Bank AG, Hong Kong Branch, CLSA Limited and Huarong International Capital Limited.

The Joint Lead Managers are China International Capital Corporation Hong Kong Securities Limited, UBS AG Hong Kong Branch, Merrill Lynch Far East Limited (in relation to the Hong Kong Public Offering only), Merrill Lynch International (in relation to the International Offering only), J.P. Morgan Securities (Asia Pacific) Limited (in relation to the Hong Kong Public Offering only), J.P. Morgan Securities plc (in relation to the International Offering only), Morgan Stanley Asia Limited (in relation to the Hong Kong Public Offering only), Morgan Stanley & Co. International plc (in relation to the International Offering only), Goldman Sachs (Asia) L.L.C., DBS Asia Capital Limited, China Merchants Securities (HK) Co., Ltd., The Hongkong and Shanghai Banking Corporation Limited, Citigroup Global Markets Asia Limited (in relation to the Hong Kong Public Offering only), Citigroup Global Markets Limited (in relation to the International Offering only), BOCOM International Securities Limited, CCB International Capital Limited, ICBC International Securities Limited, BOCI Asia Limited, Haitong International Securities Company Limited, ABCI Securities Company Limited, CMB International Capital Limited, First Capital Securities Limited, Sun Hung Kai Investment Services Limited, Essence International Securities (Hong Kong) Limited, China Galaxy International Securities (Hong Kong) Co., Ltd, China Securities (International) Corporate Finance Company Limited, Nomura International (Hong Kong) Limited, Deutsche Bank AG, Hong Kong Branch, CLSA Limited and Huarong International Securities Limited.

PSBC intends to use the net proceeds from the Global Offering (after deduction of underwriting commissions and estimated expenses payable by PSBC in relation to the Global Offering) to strengthen its capital base to support the ongoing growth of its business.

PSBC is a leading retail bank in China with the largest distribution network, largest customer base and superior asset quality. Established in 2007, PSBC is the youngest Large Commercial Bank and have significant growth potential. According to The Banker’s list of “Top 1000 World Banks,” PSBC ranked 22nd in the world in terms of total assets as of December 31, 2015.

PSBC is distinct from other commercial banks in China in a number of important respects. Firstly, it has a unique operational model consisting of both directly-operated outlets and agency outlets which are post offices owned by China Post Group. Its distribution network is the largest in China’s banking industry with the widest geographical coverage, which not only enables it to deliver more convenient financial services to customers and to have access to long-term, stable and low-cost funding, but also creates significant opportunities for product distribution and cross-selling. In addition, it strategically focuses on providing financial services to communities, SMEs and Sannong customers and are committed to meeting the financial needs of the most promising customers during China’s economic transformation, and will significantly benefit from the opportunities brought by China’s on-going economic transformation.

Important:

1.   This press release is not for publication or distribution, directly or indirectly, in, into or from other jurisdictions outside Hong Kong. This press release is for information purpose only and does not constitute or include any recommendation or invitation or offer for acquisition, purchase or subscription of the securities of Postal Savings Bank of China Co., Ltd. (PSBC) nor is it intended to act as a recommendation of the sale of securities or an invitation or offer for acquisition, purchase or subscription of securities, nor shall it (or any part of it) or the fact of its distribution form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment therefore. Investors should read the Hong Kong prospectus of PSBC for detailed information about PSBC and the proposed offering before deciding whether or not to purchase any securities of PSBC.

2.   No application to subscribe for the shares of PSBC should be made by any person nor would such application be accepted without the completion of a formal application form or other application procedure that is issued with or in respect of the shares of the PSBC.