China's Postal Savings Bank says some retail investors opt out of mainland listing
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BEIJING (Reuters) - Postal Savings Bank of China said investors had opted out of paying for 3% of shares on offer in its Shanghai listing - a rare development that underscores growing concerns over problems in China's banking system.Nearly all were retail investors, PSBC said in a statement late Tuesday.PSBC, China's biggest bank by number of branches, is seeking to raise up to 32.71 billion yuan (3.6 billion pounds) with the share sale, which includes a greenshoe option of 15%.Unlike other..